Meta Strategy Trading Portfolio – Probability Map Update.

– Positioning Update Wednesday –

Powerful Momentum

The S&P 500 has begun its anticipated consolidation phase by forming a clear range, which just fulfills my minimum criteria of a multi-week correction in time and price.

Currently a tug-of-war sees powerful momentum battling an array of negative short-term indications beneath the surface.

Chances are just about even which will win over the coming weeks, but are overwhelmingly in favor of momentum gaining the upper hand over the next months.

It is a fright train that will most likely determine the market’s primary direction for months to come.