Trading Portfolio July 13

Meta Strategy Trading Portfolio – Probability Map Update.

Slow Motion Breakout

Ever so slowly the S&P 500 is creeping up towards a new all-time high – a summer rally on sedatives.

Despite its sluggishness, I see the slow-motion advance as constructive as it overcomes geopolitical flare-ups, crashes in extremely over-hyped momentum stocks, and other stumbling blocks.

My big-picture outlook is bullish and rests on three major factors, while a number of bullish indications are also piling up over the short term.

This is visible in a breakout attempt above a bullflag aiming at an S&P target around 7800-7900.