CGTS Algo Trading System
CGTS MONDAY:CGTS INSTRUMENT ROOM HAS RESISTED THE CHAOS NICELY, STILL BULLISH
May 24, 2021 9:55 PM ET
I have been pleased with our system holding steady through all the selling in May. Our Instrument Panel has held steady and resisted MANY calls in the $Press for panic.
We have been advocating QS, QUANTUMSCAPE, since it was trading over $100. We suggested waiting. We are still waiting. We thought we might find support @ 19.9. But if you look at RED MOMO, we won't see a bottom until MOMO bottoms ABOVE the earlier bottom.
What does that mean?
This is a RED MOMO TRADING BOTTOM: MOMO bottoms, turns back up, at a higher level than it did the last time.
This is not a RED MOMO trading bottom: MOMO tops, turns down again, at a lower level than the one before.
BYND, BEYOND MEAT, which jumped 10% today. Look how it sank to 108.4 support and then jumped up. And look how ORANGE UTIMA is jumping back toward ZERO with the price jump.
No new 3x-ETF trades. SHORT LIST from the 3x Report.
Almost all good. And almost a non-day in terms of COUNT1 SPIN change.
UP 25.34% in this LONG TRADE, begun 10/2/20.
COUNT3. WE have developed and tested trading systems for COUNT1 SPIN. COUNT3 is relatively new.
REMEMBER, C3=1, BUY, C3=2, SELL. C3=3, SHORSELL. C3=4, SHORT COVER.
LABU, MOMO says it is going lower.
IS this a TBT top?
Bob Dylan turns 80.
Disclosure: I am/we are long C watched List.
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