Meta Strategy Trading Portfolio – Probability Map Update.

Peak Fear

A volatile week, during which the S&P500 briefly undercut the previous week’s low as well as important trendline support, has ended with a violently positive reversal on Friday.

A recovery above previous support traps bearish traders, who become forced buyers.

The index now sits at the bottom of a ladder of resistance zones it needs to climb to increasingly confirm that the bottom of this correction is in, as a positive seasonal period for equities begins.