Meta Strategy Trading Portfolio – Probability Map Update.

No More Bears

With very little movement in the market last week until Friday finally showed some strength, my analysis remains unchanged except for some minor adjustments to the target levels.

Essentially it’s a market that is best watched from the sidelines, as there remains zero follow-through to the downside, while upside momentum is showing signs of exhaustion.

A healthy period of consolidation may cause stocks to pull back at any time, but it can also play out as a correction in time where price goes nowhere for quite a while.

Sometimes it’s best to do nothing and patiently wait until a better opportunity presents itself.