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CoFo Lab Market Watch: Uncertainty Still Reigns

Analysis and Forecasts
2024-01-18 15:48:24
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Scout pointing to lingering hesitation, periodic shifts in absence of directional command. Signals lack timeframe sync or strength conviction.

Analysis of CoFo Scout Readings

Markets continuing balanced digestion. Such periods accompanied by fickle participant psychology — also reflected in CoFo Scout cross-currents.

No strong changes for higher timeframe tug-of-war. Weekly longs intact meeting daily shorts.

Short-term & medium-term longs dominating but without strength to push decisive break. Locals holding more resolute than broader uptrend attempts.

Prudent posture awaiting stronger CoFo Scout signals. Bulls prove themselves by accelerating longs. Bears take control by flipping locals short — fragile current barrier. Join winning side on breakout confirmation.

 

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