GS breaks, retests and rejects the inflection point. All lines and notes on this are original from December.
GOS trade ideas
$GS Preparing for Bullish MoveRSI & MACD both showing strong bullish divergences, along with a possible liquidity grab right below previous pivot points. Once (and if) price pushes through the current supply zone, my targets would be roughly $350, $358, & $367. Feedback is always encouraged. Enjoy!
$GS triple bottom at $328Looks like we touched here yet again, accumulation is sitting inverse to RSI. Goldman has some headwinds, earnings were not 'amazing,', $XLF and $DJI being sold off take away passive flow, and TLT has rallied hard Sun, Monday, and today. There is a narrative that banks will have much better earnings once interest rates rise, and they can profit off all the money loaned out. I'm long here, but generally this is very neutral because you can consider that we really trying to push through 328, or that we clearly have a floor at 328. You might look at the chart and think to go short.
Goldmsachs shortThe stochastic has given a bearish divergence .
The old support has been broken only to form the resistance if it persists going lower.
$GS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $GS after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 87.5%.
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$GS Wyckoff Distribution SchematicPotential thesis for distribution using Wyckoff Distribution Schematics. Based on the current market structure this seems like a plausible outcome.
An up close look at the slaughter in the financial sector.How bad is it out there this week for the big boys in the financial sector? How have they held up during earnings? Well, let's look.
Goldman Sachs? BOOM! 9 months of progress gone in less than a week. Next.
PNC? Ka-pow! Looks like we've been pumped....and dumped..!
U.S. Bancorp? (USB) SPLAT! Murdered! More pump-age, more dump-age!
Truist (TFC) - C'mon.... no whammies....no whammies....! SOLD to the highest bidder! Yet another bull spike being sold off as earnings don't satiate the market trolls.
Schwab (SCHW). I can never spell this thing right. Swab? Shwab? Schwing? SMACKDOWN all red-headed stepchild like. Booyah!
Up until this point the earnings have had that much hated red "E" symbol on their charts. Bad banks. Are there any banks not on the naughty list? YES!
BAC - Lo and behold, the mighty GREEN "E"! Winner winner chicken dinner!
Oh crap. Not again! Something's wrong with Tradingview. It can't be this bad, can it?
Citigroup - C - You know you're bigtime when you get a single letter for a ticker. And because they are so cool they get the elusive green "E" for being a good bank on Earnings day.
Oh. Wait. SPANKED? What?!
Morgan Stanley - MS - Oh these guys have been the bomb diggity like alllllll year yo. They went up like 18 months straight after the Covid March 2020 nuke was dropped on Planet Market. Surely they can buck the trend!
I give up! I'm running out of things to say here. Really, the adjectives for AWFUL have ran dry. My brain hurts.
Wells Fargo - WFC - OKAY FOLKS. NO MORE MESSING AROUND. I'm bringing out the bazooka. All hands on deck. Ima make me some money going long here. They CRUSHED their earnings big boy style. +25% surprise! +11% surprise on sales!!!@#@!$#@!$#
Oh hell no. This can't be. I expected the classic Pump and Pump. You know, the doublepump? Say it with me.... doublepump. Just sounds cool. Like cover-your-kids-ears type cool. Instead. Well. Yeah. Mr Wells and Mr Fargo have left the building.
So there you have it. Everyone on my watchlist of banks. ALL earnings have been sold, regardless of what they said. The market Gods have spoken loud and clear - SELL SELL SELL SELL!#$!@#$!@$@#$%# Boomshakalaka.
GSCO - Weekly / Goldman Sachs Per usual, GSCO pays out Executives at the HIghest rate in history
and promptly implodes $63 from its recent November Highs.
November - the chosen month for ALL Highs in Equity.
_________________________________________________________
$3.8bn, or $10.81 per share, compared with $4.36bn, or $12.08 per share
YOY.
Bonuses up 31% year on year in the fourth quarter @ $3.2bn,
Annual salary expenses were up 33% @ $17.7bn in 2021.
Wage Inflation...
Traders at Goldman had a stellar year.
Management missed out on Floating Tennis Ball XMAS this Year.
More correction in banks..!It seems Banks will correct in the coming days..!
Considering their weight it will affect the S&P 500 and Dow!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
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Goldman Sachs & "The Grass Is Blue" Story !The donkey said to the tiger, 'The grass is blue.' Tiger said, 'No grass is green.'
Then the discussion between the two became intense. Both of them are firm in their own words. To end this controversy, both went to Lion – King of Jungle.
In the middle of the animal kingdom, sitting on the throne was a lion. The donkey started yelling before the tiger could say anything. “Your Highness, the grass is blue, isn’t it?” Lion said, 'Yes! The grass is blue. '
Donkey, 'This tiger does not believe. Annoys me He should be punished properly. ' The king declared, 'Tiger will be jailed for a year. King's verdict was heard by donkey and he was jumping in joy in entire jungle. The tiger was sentenced to one-year jail. '
The Tiger went to the Lion and asked, 'Why Your Highness! Grass is green, isn’t it? ' Lion said, 'Yes! Grass is green.’ Tiger said, '... then why am I sentenced to jail? '
Lion said, “you did not get punished for the grass being blue Or green. You have been punished for debating with that stupid donkey. Brave and intelligent creatures like you have argued with a donkey and have come here to get a decision”
Moral of the story.
Don’t waste your time on social media arguing with you and telling you that stocks will go up forever without giving a decent size correction.
Try to work on yourself with conviction and trade with confidence.
Regards:
2X Back to Back Market Crash Forecaster & Future Goldman Sachs Trader
Goldman makes the bear break GS has now broken the level given as critical in a previous post.
This may be the start of a much deeper decline in GS.
Tuesday's the Big Day!In a previous idea I had suggested that $GS had broke out of a falling channel and started rising. There wasn't a lot of time to establish a trend but after going sideways since Aug such a long consolidation can lead to quick, large moves. That pattern has been invalidated and it now seems that in the best case there was a backtest of the falling channel upper bound. In the worst case it's a big old false breakout. In either case this will be decided by the next candle which happens to be earnings day. I would expect something similar to JPM with an EPS but showing continual QoQ declines in EPS. The question is how much bad news has been priced in. Unlike $JPM which got hit hard, $GS was already recently hit with a downgrade and has gone down in sympathy with $JPM. This could lead to any surprise upside sending shares higher. If it's a break down, though, the fall could be significant and take it back down to consolidate again in the mid-$300s.
Long $GS Into Earnings$GS really hasn't done much since Aug of last year. Most recently it has been in a falling channel that started in Nov. This changed with volume starting 17 Dec 21 and broke out of the upper bound 3 Jan 21 making three quick higher lows. The bias for this move will be a higher targeting first the last high of $423. Earnings are coming up soon and that should give us some clear direction. If you want to throw in some money for a big play I would go (and am) long into earnings. Otherwise wait until after to find the trend and ride it.
Goldman Sachs , Be carefulPotential irregular H&S in GS
Also there is a big gap remaining at 275 USD
Goldman Sachs Long over $400#GS
Banks been strong running off interest rate news from Feds. Saw a cool off mid week and sideways action ending friday. GS best level for calls is 400. This has been a trade over and over here. 405, 412 targets on calls. Puts can work below 389 but keep in mind 386 is a strong support as well. Id wait to close below this level before going short here.
Goldman Sacks Wave 4 Goldman Sacks probably finish a wave 3, we can see many divergences , also he activate Double Top Pattern.
We can find the next support in Cluster Fibonacci.
GS sits on the critical inflection point. GS struggling on the inflection point. Traded mainly sideways since our last mention of it. Looks like this may become a break. A breaking of the 161 could lead to a very significant fall in GS.
RectangleRectangle top and the pattern is neutral until a trendline is broken with a trend in that direction. This is a horizontal trading channel and the top line is resistance. There are 2 upper trendlines, but in my min the high of 42.16 was an outlier, and not part of the actual rectangle as price did not stay there long. You may want to extend the rectangle to that level, but in any case price would need to break the former high of 426.16 to consider a long entry.
The bottom trendline is support and would constitute a short entry for someone who wanted to short this.
Targets for a break to the upside of the rectangle in green and for a break to the downside are in orange.
No recommendation.
Sometimes it is only ourselves that stand in the way of reaching our goals.
I know we can be guilty of searching for what we want to see instead of seeing what is actually there. To me, this particular security, would seem a bit tired for now as it has had a great run, which may continue as a rectangle is neutral and this could hit the bottom trendline and go back to the races again for all I know (o: This one has surprised me before so there is just no telling! Fact is we can only make an educated guess, then wait for that guess to be confirmed. And then it is still just a guess (o:
W shaped recoveryI overlaid the price movement from Sept to October and it's exactly the same. Needs to break the 200sma to be sure.
Meanwhile $GS not doing well today...Big down candle so far on the big bank... $XLF with some relative weakness this morning...
Falling Wedge- Bullish - UpdateJust posting a quick update here as GS has pulled back with the broader markets- Still bullish as GS respected support nicely and is holding within a nice falling wedge. Buyer volume starting to pick back up along with some bullish hidden divergence on the RSI & a golden cross on the MACD. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout, see previous charts attached below for previous price targets.
- Falling Wedge
- MACD Cross on the 4-Hour Timeframe
- 8-Day EMA & RSI are About to Cross on the 4-Hour Timeframe (Not Pictured)
- Bullish Hidden Divergence on the RSI on Shorter Timeframes as well
- Gap Fill on the upside circa $395.90-398.90
- Double Bottom off Support and Bullish Hammer off the VWAP on the Hourly Timeframe (Not Pictured)
-Previously Charted-
Ascending Triangle Forming- UpdateJust posting a quick update on GS as it would appear to be a nice bullish ascending triangle forming on the GS daily timeframe. Solid close yesterday after reclaiming the 50-day SMA as well sitting right on the 50-day EMA. GS is also holding a bullish falling wedge on the 4-hour and shorter timeframes. Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout, previous charts are attached below.
- Ascending Triangle Forming on the Daily Timeframe
- MACD Cross on the 4-Hour Timeframe (See Attached Chart Below)
- Falling Wedge on the 4-Hour Timeframe (See Attached Chart Below)
- 8-Day EMA & RSI are About to Cross on the 4-Hour Timeframe (See Attached Chart Below)
- Slight Bullish Hidden Divergence on the RSI on Shorter Timeframes
- Reclaimed the 20-day & 50-day EMA's, SMA's starting to converge as well
- Buyer Volume Starting to Pick Back Up Relative to Seller Volume
PT1- $402.62
PT2- $403.93
PT3- $405.73
PT4- $408.35+
4-Hour Timeframe
-Previously Charted-
