CoFo Lab Market Watch: Correction Wave
Scout short signal cluster realization underway — indicators now bleeding off.
Analysis of CoFo Scout Readings
Unclear if correction is long accumulation or start of larger global downturn. Scout provided early warnings either way.
Albeit reduced, shorts holding sway.
Fragmentation among globals although bearishtilt.
Med-term in full short control now strengthening. Locals retaining longs.
Locals and med-term presently steering directional bus. Take trades accordingly.
If locals keep pressuring med-term shorts then correction could swiftly conclude as longs buy dips.
Would extend on locals assimilating shorts instead.
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