Meta Strategy Trading Portfolio – Probability Map Update.
– Positioning Update Wednesday –
Messy Consolidation
An additional pattern highlighting the distinct change to the tone of the market since mid-December is the entirety of the ongoing consolidation: it is messy, volatile, and directionless. Gone are the V-bottom pullbacks of 2024.
Going into the US presidential inauguration we are facing a wall of fog that renders most forecasts virtually useless.
Markets are going to stay volatile, as we are very likely to see multiple strong reactions to upcoming policy announcements over the next weeks.
An expectation of a difficult, low-edge trading environment helps us to protect capital.
And beneath the fog ahead there are some solid foundations that we can anchor to.
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