Meta Strategy Trading Portfolio – Probability Map Update.

Volatility Is Here To Stay

The S&P 500 has breached correction territory with a number of red flags accumulating against it and my outlook has turned more cautious.

While the chances for a successful short-term bounce are growing with each attempt, several warning signals make a prolonged correction with lower lows increasingly likely – at the very least I expect a highly volatile environment to last for several weeks even in case of a swift recovery.

As is often the case, an epic battle between bulls and bears unfolds near the long-term uptrend with a range of signals and market studies that can be highly contradictory.

My focus is on preserving capital and peace of mind while the dust settles.