CoFo Lab Market Watch: Bear Rampage?
Analysis and Forecasts
2023-12-19 20:07:00
Uncertainty rises as CoFo Scout shows strengthening shorts.
Analysis of CoFo Scout readings
Most assets balancing presently. But short dominance clearly expanding.
Filtering to significant tfs, longs only hold on weekly & some H2.
All other horizons show predominant bear signals — from local to global scales.
Ongoing correction as persistent weekly fuel competes with pressing shorts. Good short-side opportunities.
Local & medium-term correction continuation entries most attractive currently.
Global view? “Well, this is a bull market, you know” — Edwin Lefèvre
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