Using cRSI indicator to determine buy/sell signalsIf RSI deviates below out of the dominate cycle in the downward direction, due to the cyclical nature of the RSI indicator we can expect the opposite to occur in reaction to the first divergence.
GS trade ideas
Thanks billionaires friend FED $GS bullshit almost overThanks billionaires friend FED $GS bullshit almost over
GS - $384 PT C&H BreakoutAs you can see we have a C&H breakout with an implied price target of $384 on this pattern. May see a re-test of the neckline and if so, this will be your best entry on confirmation that this becomes support. GL!
$GS with possible rejection from upper trend line$GS Descending Triangle Pattern. it can go either direction but I like it on the downside to 354 area. PUTS 360p JUNE18 for possible play or CALLS over 371
SUPPORT LEVELS:
366.30/366
364
362
What sectors weak and strong Charts will show longs
and shorts and why
SPY XLF QQQ still longs
SMH IWM pretty sad
IRON TARIHi guys!
This iron condor is 4 weeks, 10% strikes, 87% probability to get max profit.
The premium is nice, with 5$ spread per strike we have:
Max profit 90$
Max losso 410$
Very nice for an 87% proability to get the maximun credit!
Enjoy your wallet!
Tari.
GS swingHello, as my idea of swing-trading with JPM, here is the same working idea too. Waiting for statement publication and look what will be.
They have potential to growth or falling in both direction. But I think, mostly it will rise.
$GS Before earningsGS has put in a larger wave 1, 2 o the daily timeframe, and it seems that this near term pullback that we've experienced could be a wave 3 to 4, looking to break higher in the following days. Indicators show and upwards trend, ready to test those highs again. The only bearish divergence is the conversion wave on the Ichimoku indicator, crossing lower over the last few days. Whether this is a corrective wave or not, due to the recent low on the daily chart, we are still prime to correct to a wave around the .382 or .236 fib levels. If we break higher, then my target of 370.35 is still on target. This is all dependent on ER coming up this week.
Goldman Sachs Reports Earnings Next WeekThe last two weeks have seen a sharp pivot toward technology stocks and the Nasdaq. But traders might want to remember that big financials including Goldman Sachs kick off earnings season next week.
Several patterns appear on the chart. First, GS has pulled back near its 50-day simple moving average (SMA) but not quite touched it.
Second, its range has been tightening. Bollinger Band Width is down to its tightest levels since mid-December. This creates the potential for price expansion.
Finally, stochastics recently showed an oversold condition.
Aside from earnings (on Wednesday, April 14), the economy is a potential catalyst for GS. Most data continues to point toward a strong recovery – especially today’s higher-than-expected producer price index.
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GS 🌦I got the drop I wanted for the finance sector now we look for longs after earnings. Be mindful of IV crush! Both variables have a running flat Elliott correction wave (ABC). This is formed when two trend lines are pointing up. You then look for what we call an LDC (lower degree correction) as a signal to enter a trade.
GOLDMAN SACHS LOOK FOR DOWNSIDEAS YOU CAN SEE C WAVE OF SECONDARY ABC CORRECTION LOOKS COMPLETE. I CAN EXPECT PRICE TO COME TO DOWNSIDE TO COMPLETE BIGGER PRIMARY CORRECTION PATTERN. YOU CAN LOOK FOR SELL SETUPS ON LOWER TIME FRAME FOR BETTER ENTRY.
Take care & Thanks.
goldman sachs... life on the edgegoldman has moved very high, very fast
any bad news or a reversal in trend with profit taking could see this fall off of a cliff
GS Long • Goldman Sachs reversed from support level 320.00
• Likely to reach resistance level 340.00
Goldman Sachs recently reversed up from the key support level 320.00 (which has been reversing the price from the end of February).
The support zone near the support level 320.00 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse 1 from January.
Given the clear daily uptrend – Goldman Sachs is likely rise further toward the next resistance level 340.00 (former support from the middle of March).
GS - UP trendGS - looks good for a reversal here. Needs to hold above the white line. if it does we are looking for $360.
GS Price Target 347/348GS has been on very strong run all March and broke though our trendline that has been holding since early Feburary. We recently had a strong pullback to the previous ATH @336 and is now holding above. As long as we continue to trade above 336 we will find ourselves at our PT @342/347-348.
Buy Goldman after a flush down intradayI’m still bullish on bank hence I’m gonna take a short term gamble on Goldman
