Meta Strategy Derivatives Portfolio – Probability Map Update.

Constructive Bottom

Despite some whipsaws, the S&P 500 managed to stop its downward cascade with a classic bear trap and closed the week significantly higher to form what could be a solid intermediate bottom.

By now, a majority of investors has become convinced that we are at the mere beginning of a long, recessionary bear market period.

What better time to start a strong rally to make everyone doubt their newfound bearish conviction?