CGTS Algo Trading System
CGTS TUESDAY: MORE LACK OF DIRECTION IN THE MARKETS
May 18, 2021 9:18 PM ETOTC:GBTC
THIS will be a short post. My wife is ill; and I need to help with her.
Our short-term internals have improved numbers.
MOMO1 is now 72% bullish. That means a lot of the market is short-term bullish. The indexes struggled all day; and fell apart in the last hour.
The last 10 days show an increase in bullishness in the CGTS database.
The BUY-SELL RATIO measure exactly this.
Below .50 means SELLERS ARE WINNING. .61 today.
CROSSOVER TRADE, continuing LONG.
EWSignals. 5 of 6 bullish.
Intermediate: everything bullish.
GBTC finally tilted the machine C1 has crossed into BEARISH.
Note how ULTIMA LEVELS almost always falls to -1 when C1 goes bearish. Not always.
Are men being cancelled?
Is this a picture of runaway inflation?
Is EVERYTHING about RACE? ASK THE MEDIA: apparently it is.
Now WHO is the liar?
Disclosure: I am/we are long CWLIST.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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