GS trade ideas
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.