Markets probing correction levels but sellers not daring to risk capsize yet.

Analysis of CoFo Scout readings

Only W1 & D3 long dominance remains to fill sails. Global tailwinds still strong enough to stay the course.

Yet gusts can abandon without notice. Futile to give chase once unpredictable winter monsoons take command.

Justified longs require restored lower timeframe winds first.

Though building shorts seen on local & medium-term frames, require further swell across additional horizons before changing tack.