Probability Map June 6

Meta Strategy Derivatives Portfolio – Probability Map Update.

Waning Momentum at Resistance

A massive bounce in the S&P was followed by a consolidation phase last week.

This is much more constructive than the immediate sell-offs we saw during the previous feeble rally attempts.

The area from 4150 to 4200 contains very strong resistance, as March and May bottoms were clustered here.

As most traders and investors expect imminent further lows, I think that a move above this level has a higher probability.

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