[Jay's Trading Pattern] The Monday Effect

For those who have followed me over the year know I look for trading patterns. This is why I rely on The Amazing Trader, not just because I created it but because the patterns formed by its trading lines give you countless opportunities to make trades in all market conditions. The Monday Effect is not a pattern you will find in any trading book but one I uncovered on my own and keep an eye out for each week.What is the Monday Effect?A Monday Effect occurs when a high or a low for the week is set on Monday and the market moves away from one side or the other as the week winds on. As the market moves away from the high or low momentum (as indicated by falling blue or rising red Amazing Trader lines) tends to build in that dire