The Market's Compass Technical View

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Only a Break in the Nasty Weather

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Only a Break in the Nasty Weather

Still appears the rally is counter trend in nature

The Market's Compass
Jun 16, 2021
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Only a Break in the Nasty Weather

themarketscompass.substack.com

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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Only a Break in the Nasty Weather

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