Monday tends to be the weakest days session of the week from 9:30 am to 3 pm in weak market environments.
Tuesday session tends of have the strongest overnight in bear markets of the whole week and a sell off from the open, but selling on the Tuesday day session is not nearly as strong as any other day of the week.
Wednesday is the weakest day of the week over all; it usually opens at 6 PM at the highs of the day and declines into the close at 4:00 PM, and has the largest seeling in terms of points overall.
Thursday likes to open at the highs around 6:00 PM and make day lows around 11:00 AM – usually a good place to cover because it usually chop from there.
Friday is the second weakest day of the week after Weds. Fridays tend to have a high when the market reopens at 6 o’clock which drifts lower the whole overnight into 11 o’clock morning, at which point it bounces and consolidates into the close… that is the standard behavior for Friday.
In addition…timings for any day:
• If we are going into a bear – the most common time for a high is 2 am.
• Best times to short in a bear market (on average) 10 PM, 2:30 AM 7:00 AM – highest odds timing is 2:30 AM; however, for those who would like to be early, 10:00 PM is the next highest probability…with 7:00 AM being for early risers who are not crazy enough to get up at 2:30 AM.