The week after June opex is one that has struggled quite a bit in recent times. This can be seen in the table below, which shows full-week performance dating back to 1999 when the bearish inclination seemed to kick in.
As you can see, it has been quite a streak of bearishness. Thirteen out of sixteen years have closed down. So it would seem we may be entering a weak seasonal period.
But the edge hasn’t existed for that long. In fact, if you look back further, you’ll find periods where this week appeared to show a bullish tendency. For instance, between 1979-1989 it closed up every year. So it will be interesting to see if the current bearish tendency continues to play out in the coming years.
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