You’ve probably heard the conventional wisdom that Mondays are far and away the best performers in the stock market. Let\'s see if the numbers prove that\'s true.
Although the E-mini June S&P has rallied away from this morning's low, the index must hurdle its prior micro rally peak to trigger upside acceleration.
After Friday's trend day, the odds are also higher for a choppier session on Monday with better odds on pivot trades off support and resistance levels in the indices.
Currently market risk still remains higher because of the added back and forth action of this daily range. As such, continue to use greater caution and do not be too aggressive, particularly on swingtrades.
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