Mid-Week Update

December 4th, 2025

Lundy

Dec 04, 2025

∙ Paid

Highlights

ES stalling at my resistance level

Gold forming possible short-term bottom

ES - Stall (12/4/25)

ES is stalling at my resistance level of 6,852. This is the low of the prior pivot high bar. Monday and Tuesday formed a “Dynamite Triangle” with Tuesday forming an “Inside Day” to Monday. Wednesday broke decisively out of that bar to the upside.

Seasonality is with the longs here. Since 1950 stocks have posted positive Decembers 74% of the time. The average monthly gain has been 1.4%. “Fed Week” is next week. This should be another positive influence on prices.

All three of my trends are up.

Silver (12/4/25)

Silver is dropping today. My short term trend is down. The intermediate and long term trends are still decidedly up. A negative close today could set up a “Mean Reversion” buy on Friday.

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