Meta Strategy Trading Portfolio – Probability Map Update.

7% Pullback in Q1

Stocks remain strong, powering through potential weak spots with ease and the S&P 500 reached an important target area at 4900.

Because January weakness remained moderate, my conviction for the first bigger pullback of the year to occur in the second part of Q1 has grown.

I think, we will likely see a 5-10% drop in the S&P 500 between now and March.

Due to strong demand and supportive pre-election incentives to keep the economy and stock market going, any weakness in stocks is likely to be bought relatively quickly.