Normal Monday Pattern QQQ for 12/5/22

This is a historical weighted Moving Average of QQQ for Mondays. To build the model, I took a straight average of the past 37 Mondays, and then used a moving weighted average of .15 for the past three Mondays.

Unfortunately, Mondays have not proven to have much price action. You can look for some volatility in the early hour with highs and lows, but the five minute interval mostly staying within a range, followed by a big drop around 10:25 AM. Followed by more choppy boxable action. At 1PM there appears to be a historical afternoon low, which rises until 1:45PM. Then a strong pivot down at 3:00 PM to close.