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CoFo Lab Market Watch: Deep Breath Before Next Move

Analysis and Forecasts
2024-01-17 19:29:06
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Select assets blow off built energy from coiled spring. But broader markets seeing continued, yet listless, consolidation. Mixed signals abound.

Analysis of CoFo Scout Readings

Isolated breakout attempts locally — new buyers lured in before failures discharged longs on CoFo Scout.

Present dispersion reemerges with minimal correlation across charts. Early long signal strengthening glimpsed on locals.

No passage to higher timeframes yet. Weekly anchor longs intact while daily shorts incrementally fade. Widespread confusion beyond.

Most clarity found short-term where conviction longs accumulating.

Longs more attractive on long signal rotation to medium-term charts. Shorts safer on strengthening short signal.

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