Sellers probing for bearish trend as bulls display reluctance to support market.

Analysis of CoFo Scout Readings

Attempt underway to shape medium-term downtrend. Dip-buyers tentatively active but lacking conviction per Scout readings.

Higher timeframes seeing swelling short signal dominance.

Contradictory medium-term indicators with intense bearish and bullish signals equally prevalent.

Locally, bear signals intensifying.

If shorts keep accruing, market faces prospect of global downdraft. For reprieve, await long signal resurgence signaling buyer re-engagement to stall descent.