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Bulls Snorting 12/4/23

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"SPX - Probably made a daily cycle high on Friday at 4600. In order to confirm it, SPX has to close below the 10 day MA which hasn't happened yet. A close below the 10 DMA should lead to a decline to the gap area at 4458 and possibly a gap fill at 4221"

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"Gold - New all time high at 2120 but an ugly bearish reversal at the same time. It likely made an intermediate term high today at the 153 day cycle from the May high. Gold bugs can't even enjoy a new ATH because every time it makes one it turns out to be an intermediate high"

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