Built-up shorts materializing. Pullback within ongoing global uptrend.

Analysis of CoFo Scout readings

Previous strong global longs & competing shorts on other tfs noted in the last market overview.

Today these signals playing out. Global longs fueled buys near support level.

Now local longs now weakening, flipping short on some assets. Strong medium-term shorts intact. Supports at risk but global trend not yet violated while longs active.

Market moves in a flat due to looming FRS meeting on Dec 12-13. The Fed Interest Rate Decision will be announced on Dec 13, at 19:00 UTC, while a press conference with Jerome Powell will begin at 19:30 UTC.

Rising lower tf short dominance to monitor for expanding correction entries.

Longs only justified after medium-term shorts discharge and local long strength returns.