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CoFo Lab Market Watch: Controversial Longs

Analysis and Forecasts
2024-01-03 15:16:50
474

Prices paused and choppy to start. Morning rise but rangebound across assets.

Analysis of CoFo Scout Readings

A growth spurt within accumulation. Short signals rising in Scout, but longer timeframes still trending.

Weekly longs continue domination. Lingering shorts D1-3 but softening.

Medium term shorts building, testing uptrend commitment.

Locally, discordant & inconclusive. Signals evenly split.

Despite short noise, still lack strength or synchronization for directional conviction.

Better to wait for long confirmation or scout for trend-aligned entries.

CoFo indicators will forewarn of any market reversal ahead.

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