💾 Goldman Sachs Group Worst Since 2008 | Major Crash AheadI was about done but couldn't stop this without looking at the infamous Goldman Sachs Group, this is the 8th biggest bank corporation in the USA.
The peak/All-Time High here was hit November 2021, together with Bitcoin and most of the worlds financial assets... Let's start with the weekly chart:
✔️ In January 2023 we saw the highest selling volume week since February 2016. This tells us that the insiders know what is coming and started the sell-off early on.
✔️ This week pushed GS below EMA50 and EMA100.
✔️ We are at the 4th consecutive week closing red and the financial bleeding seems to just be starting.
✔️ The RSI trending down like there is no tomorrow and the MACD histogram has gone red with a bearish cross.
I'll show you the MACD because the bearish cross is always quite revealing:
The monthly is the main chart above, the real bad news.
✔️ GS was still trading above EMA10 last month, breaking below this very same week. This tells us that there is still plenty of room for this stock to go lower.
✔️ The MACD is still above 0 (bullish) but trending lower.
✔️ The RSI is still strong (above 50) but in a downtrend.
The biggest disconnect from reality so far from any bank can be seen on this chart.
The Goldman Sachs Group (GS) holders, buyers, traders or whatever you want to call them, haven't been selling, they are still holding strong.
Some people are going to experience a rude awakening... The worst is yet to come.
The banking system is going down, that's my conclusion after reading all these charts.
Thank you for reading.
Namaste.
