Meta Strategy Trading Portfolio – Probability Map Update.

Picture Perfect Pullback

Just as hypothesized last week, the geopolitically motivated panic sale into monthly OpEx reversed right on cue for stocks to rally all week up to the halfway-mark of the current pullback.

The S&P 500 now sits at a crossroads and even a small mood swing could be enough to send stocks back down.

The probability is high that we will see the pullback low re-tested over the coming 2-4 weeks as investors’ confidence remains rattled.