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CoFo Lab Market Watch: Bull Reassertion

Analysis and Forecasts
2024-02-28 09:58:34
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Buyers seized back control as Scout signal pressure eased, propping prices higher again. Shorts building up again.

 

Analysis of CoFo Scout Readings

 

Buyers reasserted their market dominance as Socut-illuminated bear pressure faded.

 

With ascent resuming, shorts rebuilding though asset discord persists for now.

 

Globals fragmented too — bearish bias standing on assets but weak signals from both camps. Shorts gaining intensity however.

 

Other durations seeing shorts swell, but with minimal assets at full sync. Significant scattering remains with localized long punctures.

 

Bulls presently ruling the roost but sellers regathering forces to arrest vertical momentum. Last consolidation showed more harmony across Scout boards. Currently far from that unified picture.

 

For high conviction trades, waiting for asset sync and aligned indicators makes sense.

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