Meta Strategy Trading Portfolio – Probability Map Update.

– Wednesday Positioning Update –

S&P Hits Snooze

In a well-deserved pause stocks hit the snooze button to consolidate in a loose, bullish flag just above the 200-day moving average.

Stocks are holding in the December to February price range above a long-term trendline, without closing large gaps nor testing major support below.

This is a sign of significant strength that is supported by the majority of current market studies.

While my outlook shifts further towards a positive resolution across all time horizons, two ingredients are still missing to confirm this renewed bullish picture.