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CoFo Lab Market Watch: New Year’s Rally?

Analysis and Forecasts
2023-12-29 15:51:00
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Bulls pushing into the holidays — rising prices & strengthening longs per Scout.

Analysis of CoFo Scout Readings

Incomplete higher timeframe short unwinding to date. But tenacious bulls contesting control.

Residual medium & longer term shorts fighting back (H4-D3). But surrounded by waxing local & weekly long signals.

Improving Scout clarity & synchronization emerging. Robust local long accumulation underway, yet requires added strength for directional conviction still.

Despite less defined near-term edge presently, market now transparent for CoFo Lab. Either direction could be fruitful for traders — prudent to wait until local & global signal sync gives green light.  

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