We can't seem to break the indexes with a sledgehammer. We can't really rally them either. Welcome to the summer doldrums. Will it make any difference that all daily and monthly indicators agree that June 15 should be a down day? We shall see. Sorry I can't be more help than that.
The Biases for June 15
Hold shorts in all three indexes.
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 will be speaking at the Chicago Trader's Expo on Saturday, July 16, from 8:00 to 9:30 a.m. The presentation is Identifying, Combining and Profiting from Daily Biases in the Futures Markets. E-mail Art at artcollins@ameritech.net.