Meta Strategy Derivatives Portfolio – Probability Map Update.
Tuesday Update — New Trade Setup
News drives price against flows
A flurry of positive studies and signals just before the release of the FOMC minutes last Wednesday, which shocked the market into a pullback, leads me to regard this as a temporary, news-driven price decline.
But the upward potential looks to be capped as well, and short-term momentum is losing its drive as each new high is being sold off more quickly than before.
We may be witnessing a transition into a choppy sideways market phase (positive and negative influences are in a tug-of-war) that can easily lead to a deeper correction in the coming months.