Meta Strategy Trading Portfolio – Probability Map Update.
– Tuesday Update –
An apt characterization of this year’s market is a string of rollercoaster weeks: Violent reversals lead to quick sell-offs and even quicker rallies.
The current window of weakness remains in place until Wednesday’s Vixperation – right on time for the start of the seasonally strongest period of the year: The Santa Claus Rally.
Strength is still widely anticipated, but last week’s sell-off makes a Santa Bounce the most we can expect this year, and the effect tends to be subdued in down-years in general.
Fundamentals and technicals are now aligned and point to more downside over the coming weeks.