Meta Strategy Trading Portfolio – Probability Map Update.

OpEx Panic Bottom

What a difference a week makes! From a tentative drawdown to a full-on panic bottom, from complacent sentiment and extended positioning to deeply oversold conditions…

It is important to keep the big picture front and center: An exceptionally strong momentum impulse should have a positive impact throughout 2024 and pullbacks are a buying opportunity, unless systematic warning signals trigger.

The current pullback is entirely normal – in fact a 5-10% drawdown happens twice every year on average!

Often the stock market bottoms right after OpEx due to changes in options market flows.