Failed to break out over 170 this week

103 2 0
May try to go next week. If it fails again, expect weakness to 165
Goldman Sachs increased its quarterly dividends by 10% to $0.55 per share this quarter, which has raised its indicated 12-month dividend yield from 1.3% to 1.4%.
It's going to fall hard man. Really fast. Look at the angle of the last two rallies. The pace is almost half on the new one. Now look at the angle on the last 3 selloffs. The pace is consistently unchanged, as is the conviction. In Summary, buyside is suffering waning enthusiasm, but sellside is still apt to sell as ever. Expect to see a selloff roughly 25% faster pace and 50% as long, as the last 3. That would put it at 144.00 around December 15th.
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