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CoFo Lab Market Watch: Correction Losing Stream?

Analysis and Forecasts
2024-02-22 15:58:54
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Continued short signal easing with aggressive buying surfacing to hold up market.

 

Analysis of CoFo Scout Readings

 

Heavy global fragmentation with shorts maintaining edge.

 

Med-term flipped dramatically intraday - concentrated longs overtaking weakened shorts.

 

Locals retain long control. Bulls permeating upwards into med-term frames before shorts reemerge on lower durations.

 

“Flat” adequately captures choppy oscillating signal flows across Scout spectrum amid fractured globals.

 

Defer to local and med-term strengths. Look for clearer conviction to direct trades as tides ebb and flow.

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