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.