Meta Strategy Trading Portfolio – Probability Map Update.

In the Grey Zone

Normally, I would use Friday’s close to activate an A-B-C pullback pattern trade, but I’m going to skip it this time – there have been too many failures due to V-bottoms recently.

On balance, my outlook is shifting more and more positive, because major headwinds in the form of over-leveraged positioning are swiftly normalizing.

Market breadth continued to improve and more stocks are showing bullish participation as the Russell 2000 broke out to fresh all-time highs.

Last Thursday, the beginning of a new momentum thrust began to look very constructive…