Pullbacks Heading Into Opex Week

By Rob Hanna

Opex week often carries some bullish seasonality. Pullbacks into strong seasonal periods will often offer substantial edges. The study below utilizes this concept and examines pullbacks of at least 3 days just prior to opex week.

2018-08-12-1

Numbers here are strong, and suggest a possible upside edge. Of course, August opex week has NOT been great. (Click here to see opex week broken down by month.) So that generates the question of whether the above study would be effective in August. Below are the instances that have previously occurred during August.

2018-08-12-2

There are only 3 instances, so you cannot draw any solid conclusions. But they do not suggest that August offers any kind of problem for the 1st study.

Traders may want to keep this information in mind as they consider their market bias over the next couple of days.

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Gary

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