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CoFo Lab Market Watch: Are Bulls Back?

Analysis and Forecasts
2024-02-08 13:00:55
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Scout-projected volatility spike gives way to soaring prices and renewed signal strength.

 

Analysis of CoFo Scout Readings

 

Scout's weakly bullish picture and low volatility foreshadowing played out in the surge. Signals violently shifted as assets powered to new highs.

 

Globals unchanged: Strong D3 shorts, weakly conflicted weeklies.

 

Notable shift to D1 long takeover gathering influence.

 

But medium-term longs now easing.

 

Locals flip short. Though still net outpacing longs, conflicting backdrop curbs influence.

 

Mid-to-long-term grades will continue to lead the market. Directional assumption aligns accordingly even as locals search for footing.

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