GSGI34 trade ideas
Fast setup for options - Goldman sachs - 4:1 ratioThe recent 30-minute bullish gap puts the market in a bullish scenario. Given this data, the breakage of the triangle that has formed is more balanced upwards. The pattern creates the trigger.
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 - Goldman Sachs again above the centerlineThey managed to crawl above the centerline. again, even in the weekly.
The little pressure favors the momentum for the long side.
Looking for a long entry, up to the U-MLH or to the moon...
P!
Goldman Sachs to feel the gravityMultiple failure around 230 and the daily RSI turning lower from the neutral levels suggests the corrective rally has ended and the stock price is set to re-test 213 levels (April 18 low). Only a daily close above 230 would signal bearish invalidation.
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.
Falling Wedge: Direction UpPredicted price range: 232.26 - 243.01 Prediction Period: 4/24/17 9:30 am - 5/23/17 9:30 pm. Trade expires in 23 days!!!!!
Maximum Macro OpportunityThis is a macro contrarian trade opportunity that few will take because it looks so risky this morning, but the see through fundamentals back it up. That trade is long T-Bonds, long Gold, short stocks. It may be scary for a few days, but next week will be the telling time.
GOLDMAN SACHS ....waiting for return chart is on s/r zone and 38.2 fi ret and it can be end of correction ...
waiting for bullish candle under the zone on h2 time frame or end of market time on monday and enter to buy position with nice sl
Another GS analysisHere in the weekly chart you can see that it is in a slight downtrend and I have also indicated a resistance point. Might be a Shorting opportunity.
GS confirms Head & Shoulders (TOP) breakout on downsideMr.Anton's post on linkedin made me curious to look into the technical picture
Refer the chart for comments & trading strategy.
Trade Safe - Always keep a stop loss.
Buy GS at $206 for short-term bounce. Buy GS at $206 for short-term bounce. You can buy GS at $212 (50%) and at $206 (50%).
Let's see how this plays outLooks good to short. Will monitor for an hourly close below the neckline
GS Rally is overRSI and price for GS is out of sorts big time. Head and shoulder patterns everywhere, and what they should have been, if Trump had not been elected, but he did. so.... we had the rally, green box, but note while the price soared, RSI headed down down down. Such a divergence I have never seen, more than historic, it was not real, all manufactured on retail hope and back channel whispers. These are the kind of distortions that when reality hits, they crash markets. So do we 1, hit the 200 day ma, 2 hit the trend line, or 3 crash like "they" never knew what hit them? Earnings tomorrow, set up for that today, with the Wells Fargo fiasco waiting in the wings. I've heard both sides cherping, bears and bulls. But doth mine ears detect a bit of false hope talk in them bulls, yes me do. The kind of talk that is designed to make you (not them) buy buy buy the rumor, while they sell the facts at the inflated price, ahead of earnings report before the bell tomorrow. And I do not trust earnings reports anymore, there is too much at stake, there is no accountability, and whatever it takes for them to tweak the report in their favor, they do it (AKA false news), because false news is now another way of getting away with a little lie, or a bunch of little lies to suit a purpose. Sorry, but the last 8 years that is what has changed. Starting with the Democratic government of Obama and throughout the Liberal media ( I will not call them news organizations anymore) Our system depends on people telling the truth, and that is why people place their hand on the bible before they testify in court. Because there is honor in it. Remove that honor, from the "honor system", and this is what you get, a system and "fake news" without honor. They should just do the lie detector thing in court from now on, and they should also hook the earnings calls CEO to one too, while he/she does the report, and when broadcastors report, they should have one hooked up to them too, so we can watch the little needle go up and down as they talk. Suddenly no one is laughing, right? LOL. And there is simply NO Way I am trusting the Wells Fargo speak. Otherwise, don't trust their words or reports. They are false news. So how can we trust price of a stock anymore, some but surely not all. This chart proves that point. RSI has honor in it, the price does not. Indicators are algorythms, facts. Maybe the black swan this time is when truth and honor re appears and takes hold of the real stock prices, and the bubble is the big balloon filled with all the hot air of lies, and false news, and the balloon pops, and all that hot air of inflated false new stock prices, and we are left with real valuations. This starts what may be the most important earnings season ever, at least to me. IMO. Its a busy chart, but I hope you get the point, of what should happened, what did happen, and what may happen.
GS forming a long wedgeSince it peaked out and dropped to the low 220s, GS been making a nice wedge. It's worth watching for a big move.
The Goldman ShortMight get a bounce at -1.11. If you're lucky you'll catch some shares to short at $1. In all reality, this stock is going to 200 after their earnings call, so there is "no risk" in this trade.
This is a really big divergenceThink the banks are heading south soon.
Also a five wave up is done at a minimum level.
This is similar to the rates wave count.
I MADE THIS TRADE EARLIER TODAY BUT DIDN'T HAVE TIME TO PUBLISH GOLDMAN RARELY TRADES BELOW THE LOWER BOLLINGER BAND, LET ALONE STAYS THERE FOR DAYS AT A TIME. THIS IS ONE OF THE FEW TIMES IT HAS AND IS DRAMATICALLY OVERSOLD AS WELL AS BEING THE CLASS OF THE GROUP. IT IS ALSO THE MOST HEAVILY WEIGHTED EQUITY IN THE DOW, RESPONSIBLE FOR $106 OF THE $307 PT DECLINE FROM THE TOP (THRU FRI). I BOUGHT THE GS 4/7/232.50 CALLS @ $1.51 (CLOSED $1.29)WHILE THE STOCK RALLIED 5 OFF THE LOW AND 1.50 FROM THE HIGH...A GREAT SETUP FOR TOMORROW...OZ
