Pick your way through the tight trees in the upper part of the drainage, and then you'll see it open up. If there is enough snow, there are pillow options aplenty straight down the gut. Venture left or right and the drops get bigger, up to about 20 feet if you're feeling good.
At the bottom of the gully, don't miss the skin track that cuts left underneath the east-facing parts of the Terrain Park. Follow this all the way back to the Dream Lake trail (Don't drop in thinking it'll take you back to your car, it won't).[more]
Monarch is in the southern part of the state, close to Salida. There is some excellent terrain around there.
How to Get There
From Denver: Travel 285 South for 125 miles then go West on US HWY 50. Travel 13.5 miles to the top of Monarch Pass. From Colorado Springs:Take I-25N to US HWY 50. Travel 31.5 Miles to the top of Monarch Pass.