I've added the ichokucloud fibonacci to this chart. Looks like my previous analysis was correct, broke out from the base established over the past 2 months. Earnings Monday morning should make this pop along the new trend line.
Hey guys, quick disclaimer; I am a novice technician but I'm here to learn!
I'm playing some $210 call options for Goldman Sachs earnings.
Goldman to me, has more upside potential in the financials vs. JPM or BAC. And with the onslaught of IPOs it should be a forgone conclusion their revenue/earnings should be boosted in that environment. The SPY appears to...
GS is currently trending down until the highs on the chart are gained.
Very well respected fib on the chart. Here is the fib zoomed out -
I wouldn't be surprised if the gap was filled or the 786 was tested for support.
If the 0.618 is broken then a move to the 0.5 or 0.382 is on the cards.