Probability Map May 2

Meta Strategy Derivatives Portfolio – Probability Map Update.

— Update Wednesday —

Teetering on the Edge

After a strong bounce during the middle of last week, stocks gave back all of their gains on Friday to end the month right at this year’s low.

This cliff edge around 4100 for the S&P500 has served as support multiple times this year, and traders are eyeing the abyss below with some of the worst sentiment expectations in 30 years.

This week’s FOMC turnaround setup is the last chance to save stocks from falling to the next level down, and it has a decent chance to succeed.

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