Art's futures biases for Jul 11.
A "1" means bullish bias. A "-1" means bearish bias. The total is the sum of biases. A positive sum will be long bias. A negative sum will be a short bias. A sum of zero will be a neutral bias.
_________________________________________________
As many of you know, the indexes are my personal primarily traded vehicle. I wish Iâve had something more definitive to offer there than what I've been posting of late, but as the floor axiom goes, you just can't force trades. I can't ignore the persisting long biases in the either-or indicators. They've been flashing accordingly for several days now.
Some people may have elected to trade just off that window, which is a valid choice. You can see past postings of how the six combined signals have historically fared as a stand-alone system. I choose, however, not to ignore the calendar biases for similar reasons. You can see that they too have held up as stand-alone indicators through the last several years.
It's interesting that the end result has been sideways action. We are indeed experiencing summer doldrums. I'm still anticipating a significant down move rather than a rally, although "significant" is admittedly pretty subjective.
The best setup for a decided signal, however, would be a continued mini up-move at least through tomorrow. That could turn most of the indicators bearish in line with the rather powerful calendar sell signals by as early as Thursday.
