Meta Strategy Derivatives Portfolio – Probability Map Update.

Buying Opportunity or Unravel?

Last Thursday’s to Friday’s mini-crash, which was caused by an increasing barrage of FED hawkishness, has revealed cracks in our positive setup.

We are back at a junction that we last faced in February: Is this the buyable washout that routinely scares weak hands out of the market after a correction bottom, or is it the beginning of a deeper decline — much like we saw at the end of 2018?

Because FED policy looks to be the main culprit for recent market weakness, I fall back to a time-tested setup for my actual positioning in a difficult market environment.