For Thursday, lone cup-cap signals cast the tie-breaking vote in the S&P and Russell.  The monthly says sell, the daily says buy.  The cup-cap calls for lower.  In the Nasdaq, the core daily buy is also negated by other signals, so that market also points south in accordance with the monthly..

The Biases for June 9

Stay short the Russell.  Flip from long to short in the S&P and Nasdaq.  Don't forget that September now becomes the active month.  

The bottom two rows determine the signal.  Dynamic Day One trumps everythingâ€"you always follow it.  When it's neutral, the Monthly Perpetual provides the direction.  Click here for a more in-depth explanation of the rules.

DISCLAIMER: It should not be assumed that the methods, techniques, or indicators presented on in this column will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on this column are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The author, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.

Art Collins is the author of Market Beaters, a collection of interviews with renowned mechanical traders. He is currently working on a second volume. E-mail Art at artcollins@ameritech.net.