Interesting... Historically speaking, Monday morning session was my worst performing window as well over the last 24 years.... I’m strictly in observation mode on Mondays morning session... I see the market as a dance with PA/ Price action... every Monday we start a new dance and establish a new rythem ... In order to be in stride with the market , I need to Be in sync with the action and what it’s saying, so It’s strictly observation mode at that time frame for me... Weekends are for recharging your batteries and reassessing the past weeks performance and establishing new pivot points, etc. Sunday night for futures traders is a suckers bet unless u have a serious edge coming of prior week... the real Futures players don’t show up until Monday’s PM session ... as there is not a rythem established yet...
%% 5 am?? I may get up earlier to duck hunt/deer hunt, but wall street likes bankers hours. Premarket is a hint/simply something for fake news to yap about. Back to the future/back to the charts...……………………………………………………. Extended session could be called fake prices more or less unless you see huge size on spy/qqq .
True, 21 years experience here and as I tell my traders, Monday sucks.. unless it's a rare selloff red Monday I do minimal trades on Mondays, though tomorrow may be tradable if we get a selloff
%% Dow might/LOL; if enough traders/investors do that +buy SDOW=same thing. ONE new ellte trader asked ''why does the market ALWAYS reverse when I buy??'' An elite trader noted ''stop trading so big'' Funny /true
Oh I didn't predict a direction I just knew futures would be moving at least 1-2% with the vix above 30.
Because I'm a newbie retired home trader I find weekends to be a disruption to my trading week. I wished it would go 24/7, 365 days! Most supermarkets are open 24/7 and there are plenty of businesses open 24/7... It's a luxury for the all mighty stock market to have such limited hours.