Trading Portfolio May 8

Meta Strategy Trading Portfolio – Probability Map Update.

Still range-bound after all these months…

Stocks keep battling with a ceiling at S&P 4200-4300, as they have been for months.

At the same time each attempt to trigger a serious decline is quickly followed by a renewed run aiming for another breakout.

The public discussion and economic reality mirror this feeling of being trapped.

A recession looms on the horizon, as the FED is finally preparing to pause interest rate hikes and Season 2 of the banking crisis has started playing.

But the technical landscape keeps pointing to a higher probability for a break above resistance, which is supported by skeptical sentiment and timid positioning.

This would clear the air and put stocks solidly into the recovery half of this market decline.

This content is for premium members only.
Log In Register