Trade ideas
GS Long from 205.50-204.50After GS top of 255 This Winter, It now approaches a critical target price of 205$. Today it trades at 213$ a share.
GS is a buy at 205-204, however, if it slips below 200 and holds at 199-198, then we will likely see a decline of at least another 15 points, likely finding a bottom around 185 or 178.
IF it does not find a bottom even at 178, we will likely see another decline, this time toward 155 or 150 dollars a share.
These are the options for price bottoms right now.
Goldman Sachs pullback will continue Banks are up on irrational exuberance. US finance sector performing very well nonetheless.
Previous bull count triggers during an oversold period resulted in pullbacks which we are currently in although we have not reached the level necessary to confirm a selloff. Which is why I am confident in downtrend continuing and hopefully to at least <190.
190 is a conservative estimate based on how fly we have flown on nothing more than speculation. The descent is slow and steady but has maintained the right direction.
GS and its 200 MABig things happen when goldman deals with its 200 day moving average. Will this next visit (box) be green or red? I truly do not know, but I post this to say brace yourself and prepare because it will affect everything else, IMO. It may the FED hike in June now, because of this morning's payroll numbers.






















