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The subsequent week is post-OPEX week (18th by means of the 22nd) which is shut sufficient to essentially the most bearish week in any yr, September 19-26, up solely 34% of the time. The histogram of the anticipated return for post-OPEX week is beneath. Solely Friday has had a optimistic return since 1985. The bears are in management.
S&P 500 in Publish-OPEX Week in November
It is a bearish week.
Cycles Analysis Investments LLC
AutoZone AZO stories earnings earlier than the Tuesday opening. Cycles counsel that the report shall be met with promoting. Right here is why. First, we analyze the day by day histogram for anticipated return in September. Observe that the 19th by means of the 24th has been bearish. This evaluation is supported by the dynamic weekly cycle which has peaked. All 5 promote indicators within the final yr have been worthwhile. The technical image is weak; the relative power hit a excessive final Might. The shares are prone to fall to $2400 this week.
AutoZone September Day by day Histogram
The nineteenth by means of the twenty fourth has been a downer for this inventory.
Cycles Analysis Investments LLC
AutoZone Weekly Cycle
This correct weekly cycle has given a promote sign.
