Meta Strategy Trading Portfolio – Probability Map Update.
Pressure Release
In the blink of an eye the first test of our hypothesis of the stock market’s course for 2024 has already arrived.
Starting with the last trading day of 2023, the S&P 500 dropped straight into its first support cluster at the combined zero gamma and 20 dma level.
According to my thesis the index should soon bottom after a healthy release of hot air to take another stab at its all-time high.
Considering the most vulnerable periods of the year we could see a wide consolidation over the course of the first quarter before a summer rally.
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