Meta Strategy Trading Portfolio – Probability Map Update.
Update Tuesday at market close
Thursday’s CPI number acted as a catalyst in a volatile setup and caused a 1-minute market crash of 3,5%.
But rather than deteriorating into a lasting liquidity spiral, the market quickly stabilized and instead rocketed to new highs.
By moving up 5,5% from the day’s low in a matter of hours, the S&P 500 staged the fifth largest reversal from a 52-week low in its history.
However, on Friday all post-CPI gains were given back, and we remain in a dangerous situation going into Friday’s OpEx.