Meta Strategy Trading Portfolio – Probability Map Update.

Building the Big Picture Outlook for 2026

Part III) Price Momentum

The stock market’s current strong momentum regime, initiated and reconfirmed by breadth thrusts, has been a cornerstone of my research for several months.

We are in a mature, well-established momentum environment by now, which doesn’t imply the trend is about to end – quite the contrary.

Chances are good that the S&P closes green for the 8th consecutive month, which would coincide with the 7th monthly closing all-time high in a row.

Quantitative studies based on these momentum data points show that strong momentum begets more momentum: over the medium to long term the outlook is decidedly bullish.

Strong monthly, as well as yearly, momentum points to a lasting uptrend. A recent, typical consolidation period ended with a new impulse of market breadth, which propelled the S&P 500 to a new all-time high last week and confirmed the current momentum regime.

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