> For the complete documentation index, see [llms.txt](https://docs.questflow.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.questflow.ai/financial-harness/what-is-market-regime.md).

# What Is Market Regime?

**Short answer:** Market regime is when the skill is in-condition — preferred vs avoided tape, risk-on/off, cycle phase, whether a trend is required. The same Buffett process in a blow-off top is not the same bet as in a panic.

## Tokens

`preferred`, `avoid`, `posture` (e.g. patient), plus optional `riskOn` / `riskOff` / `cyclePhase` / `trendRequirement`.

A Turtle skill wants trend. A Templeton skill wants maximum pessimism. A Dalio all-weather skill assumes regimes rotate and refuses to pretend one factor always wins.

Plugins (funding, breadth, credit, on-chain) are how the harness *observes* regime. The skill decides whether it is allowed to act.

Related: Universe · Decision cadence

*Nothing here is financial advice.*