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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 P...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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.

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This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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