Meta Strategy Derivatives Portfolio – Probability Map Update.
Today’s report calls the end of the current correction in equities.
After closing above the last significant resistance below the S&P 500 all-time-high, the portfolio is now going long at its maximum level of leverage.
We began to build high conviction long positions over the past three weeks and one further entry is planned on a short-term pullback under significant breadth & strength.
We book a large gain as we close our position in long Corn.
As usual I map my current data-driven estimate of the probabilities for future returns of the S&P 500 over the short-, medium- and long-term.