Meta Strategy Trading Portfolio – Probability Map Update.
Right around its long-term trend the S&P500 managed to recover in a strong week-long rally and moved back above a cluster of significant resistance areas.
This puts us back into a clear Quiet Bull Market regime.
While this is not a guarantee for further upside, probabilities are now back to a high chance that the decline over the past three months was a regular 10% correction.
It re-tested the important Bull/Bear separation between 4100-4200, rather than marking the beginning of another bear market period.