Goldman Sachs

we had a VERY nice pattern coming in around the 370’s and it’s basically failed.

as you can see the high was a 1.27*ab=cd but w/ this strength thru the lower pattern that failed, would WAIT for a daily close below 372 before putting any type of short out there …

w/ the strength in the financials and the Banking Index (shown below) I would be hard pressed to put a short on w/ regard to the banks until the target above is hit … we hit that target, could be game on.

GS Goldman Sachs Target HIT

last post on GS:

monthly SELL pattern on Goldman complete.

note the thrust into this level .. begs of caution so either WAIT for a daily (<362) or weekly (<350) signal reversal candle to initiate a short OR HERE but out above 377.

either way, when you have multiple monthly projections and extensions all coming together in/around here one should take notice.

of course, it certainly can blow thru this level to the upside (it’s only probability) but this is some very STIFF areas of resistance so only time will tell.

also, for those who might understand why I write the following OR want to go and dive into a rabbit hole … 373 is a prime number. we’ll leave it at that …


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