CoFo Lab Market Watch: Local Inflection Point
Analysis and Forecasts
2023-11-27 17:23:00
Minor pullbacks today with decreasing volatility. Assets recouping some declines but lacking thrust.
Analysis of CoFo Scout readings
Markets range-bound within global accumulation. More CoFo Scout longs now but still competing with strong mid-term & D1 shorts. Other tfs bullish but signals weak, limiting confident entries.
Existing shorts being closed before local shorts can form. However, potential for strengthening local & medium-term longs.
Safest strategy is awaiting either confirmed local shorts or stronger multi-tf longs before entering new positions.
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