Only a Break in the Nasty Weather

Still appears the rally is counter trend in nature

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.