CoFo Lab Market Watch: On the Way to Oversold
Analysis and Forecasts
2023-11-16 19:20:00
Today's continued market accumulation. Growing CoFo Scout longs.
Analysis of CoFo Scout readings
Locally mixed with short prevalence. Medium-term long and short strengthening may indicate volatility increases within the range. Persistent global long dominance.
Ongoing uptrend. Morning shorts selling locally, gradual moves toward oversold conditions. Despite selling pressure, many assets remain ranged.
Summary
Mutual medium-term signal boosts.
Uptrend positioning requires complete long timeframe dominance. No deep correction evidence.
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