Emini Trading On Monday Mornings

Monday morning is typically the strongest day for a trade to the upside

Day traders rely on price charts and technical analysis to give hints of where the market will trade. Monday morning is typically the strongest day for a trade to the upside, but when Friday’s market is weak, the weakness may translate into weakness on Monday as well.

We can’t assume that Monday will be weak when it follows a weak Friday. To get a hint of where the market will trade on Monday, watch for trading in the last half hour on Friday. Even though Friday may be weak in total, the last half hour is most important to give a hint of Monday’s direction.

By knowing the price support and resistance levels, a trader will also know the range that prices are likely to trade. It is very important to point out that certain conditions can cause prices to trade outside the calculated zone, such as important market-moving announcements. Over a period of years,, the calculated range has proven more accurate than the actual trading zone. After calculating the day’s trading zone, it may be necessary to shift the zone up or down, depending on prices during the first half-hour of trading.

Knowing the day’s trading zone before the market opens gives traders a big advantage over “seat of the pants” traders. People who enroll in my trading course receive the calculated support and resistance numbers for the following day by email. You can receive this information each evening by enrolling in my trading course using this link. As a bonus, you’ll receive a 10% discount when you enroll. 

If you’re not ready to enroll, but want to join my mailing list and receive information about my trading course, subscribe using this form.