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CoFo Lab Market Watch: Long Live the Long

Analysis and Forecasts
2023-11-23 14:04:42
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Assets absorbed yesterday's drops. Longs shift to medium-term frames amid senior timeframe short fades.

Analysis of CoFo Scout readings

Markets recovered declines by yesterday's close. Many assets ended with strong growth and total buyer dominance.

Continued CoFo Scout medium-term short unloads. Some faded to insignificance, with strong medium-term long emergences now.

Unretreating global longs encourage further long sync returns.

However, lower timeframe shorts still dominate. Awaiting local long dominance for continued global bull trend entries. Sells look especially risky presently.

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