The Fred Report - Weekly December 4, 2023

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We have discussed our belief that the equity markets would start to broaden out, moving away from the emphasis on Tech, broadening into other sectors and areas of the market.  IJR is an intermediate-term base with 90-area support and 100-area resistance, which is why we are using 100 as the neckline of the Head and Shoulders pattern.  As long as GLD can hold 185 on a pullback the short-term trend remains up.



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