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CoFo Lab Market Watch: Eyes on Global Flows

Analysis and Forecasts
2024-02-23 16:52:55
730

Scout continues to bleed off short signals but absent long strength replacement.

 

Analysis of CoFo Scout Readings

 

CoFo Scout signals still unloading. Longs mostly weak.

 

Globals fragmented but with weak shorts maintaining slight edge. Fewer bullish signals present.

 

Med-term shorts easing while local long influx stalls out.

 

Locals a mixed bag with bimodal signals lacking conviction either way.

 

Ranging churn persists. Despite general short pressure reduction, globals could take back helm on further accumulation, changing tide.

 

For now, keep focus on locals and med-term for range plays until globals provide directional input.

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