Bears persist in reversal attempts. Upside losing steam, more due to fading buyer conviction than seller strength.

Analysis of CoFo Scout Readings

Market ascent slowing, likely on bull fatigue rather than bear impact.

Higher timeframes and medium-term skewed bearish per Scout, with some exceptions.

Locally, longs gaining traction as dip-buyers dig in.

Tug-of-war coupled with dwindling volatility. Approaching a timeframe balance where neither side dominates.

In such stalemates, prudent to await clearer directional skews locally/intraday before positioning. Picture sharpens as one side takes control of lower timeframes.