Meta Strategy Trading Portfolio – Probability Map Update.

Seasonality’s Comeback?

Finally, a shallow pullback before the US presidential election has offered a good opportunity to add long exposure.

Weakness is being bought aggressively in anticipation of the strongest seasonal period of the year and each sell-off bounces back almost immediately.

It is well possible that we will see a deeper second leg down that puts a dent in this short-term, buy-the-dip behavior.

If the pullback remains shallow, we have to remain aware that a portion of the widely expected year-end rally has already been pulled forward and sharp, temporary pullbacks in November and December are likely to happen despite the positive seasonality,