Minor correction unfolding to bleed off some Scout signal excess, but ample downside potential persists.

Analysis of CoFo Scout Readings

Pullback provided local signal relief but left global shorts intact. Longer duration balance unchanged - D3 & W1 shorts vs D1 longs.

Med-term still concentrated shorts.

Locally, indicators scattered on headline fatigue. Note intraday swings common on these fickle frames.

Bears to make run if med-term shorts amplify and locals cluster shorts again. Else bulls retain market helm for now.