GS trade ideas
GOLDMAN H&S CONFIRMEDWe are witnessing a softening in the market. The Dow Jones Industrials appear to be a mixed bag. Buying blind is NOT the strategy at this point - it worked for 10 years, now the easy money has been made.
As suspected, the mid-term elections have not been without incident, and investors are naturally cautious. Many big stocks are confirming bearish topping patterns - including Goldman. I shorted today, with a target below.
This is telling me that the rally in the indicies has stalled for now, and an extended period of consolidation is perhaps on the cards. On the other side, we will see a bullish continuation, in anticipation of a Trump 2020 win.
With that said, I am buying any low in the Dow, yet cautious for now, and net short.
GS getting interestingGS downtrend support is around $200. Would probably set up a good long in this area. If it breaks, could see 2016 election levels.
Reject Downtrend Line & Below Resistance $227.50Potential Pullback if FOMC Sell Event; Hold Puts as Last Week
$GS LONG IDEAGS BULLISH M,W,D
INSIDE 60MIN TO CLOSE
231.40ISH MAJOR CONFLUENCE OF FIB, WEEKLY, MONTHLY PRICE STRUCTURE
STALKING CALLS ON BREAK/RETEST OF THAT LEVEL
CONS: BANKS BEEN UNDERWHELMING DURING THE BOUNCE AND SPY AT RESISTANCE EVERYONE AND THEIR MOTHER IS LOOKING AT. SHORT LEASH ON ANY TRADE UNTIL THIS MARKET PROVES ITSELF OTHERWISE- SENTIMENT SEEMS OVERLY BULLISH ATM.
GS Goldman Sachs Technical Pullback at DownTrend Test $230Fib Pivot S3 $223.41
SVE Pivot S2 (TOS) $223.45
Downtrend tested this week at approx. $230 Rejected as expected
-Uptrend from July ‘16 Snapped in April this year to downside
#tekmunnnee Strategy into week starting 11/5 for potential Short/Put Play to $223 range
4HR 9eMA potential cross downside @ $226.72
$228.69 near term Support & Resistance test
Fibonacci 61% $222.06
If below Fibonacci, potential further downside and will reevaluate Downside Pivot Targets
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Head and Shoulders on GS stock - 1w chartNoticed a head and shoulders pattern on Goldman Sachs stock. Might see it rebound and test of the green line at $230 price level, but this pattern indicates to stay on the sell side.
Keeping an eye on Fibonacci retracement levels too.
GS Long OpportunityFound channel support coinciding with the retrace level and previous support . Good for long entry and Exit would be at at the upper channel
Exit the trade if price closes below the support line.
$GS BULLISH SETUP GS WITH THE INSIDE DAY AT PREVIOUS MARKET STRUCTURE
HRLY CHART COILED TIGHT
EYEING FOR LONG ENTRY MONDAY IF MARKET OBLIGES
$GS SUPPORT AND 5MA CURLING UPSHORT TERM SENTIMENT IN FINANCIALS CHANGING
STALKING QUICK TRADE IN GS
HOLDING BAC CALLS FROM LAST WEEK AS WELL
Goldman Sachs head and shoulders on monthly about to play outH&S about to break down, target is to support line around $200
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Goldman Sachs Head and shoulders shortpretty much an easy short til about 218 a breach and close of that level will take us down another 8 bucks or so
i normally dont trade head and shoulders but this pattern stuck out a mile away
