Meta Strategy Trading Portfolio – Probability Map Update.
– Setup closed on Wednesday –
Wild Mood Swings
Stocks were up every day last week slicing through major resistance levels, even though fresh CPI data is coming up on Wednesday.
Yet there looks to be not a hint of worry in the air ahead of inflation numbers that have the potential to trigger a continued buying frenzy for stocks or could drop Mr. Market back into another bout of depression.
While there remain some mixed signals in the market, the barometer is slowly, but surely, ticking towards a swift end to the current pullback.
Most recent market studies show increasingly clear skies ahead for the summer months.
A flip-flopping macro narrative makes continued wild mood and price swings in stocks likely.
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