Only a Break in the Nasty Weather

Only a Break in the Nasty Weather

Although the nasty weather began to clear over the weekend we still believe odds favor that this a drawn out 4th wave that again was capped at 38.2% retrace of wave 3 (P2-P3) and the Median Line of the revised Standard Pitchfork (yellow circle). Rally from the lows still looks counter trend to me.