Rally Expected in Goldman Sachs

Since its January high at 175.34, Goldman Sachs (GS) has carved out a descending stairstep pattern that is starting to exhibit the right form of a completed correction, both in terms of its double April low at 149.55/64 and in terms of its 33-38 trading day cyclic cadence (low to low).

Barring a breach of the double bottom lows, a potent GS rally period should be approaching quickly (measured in hours) that projects to 160-161 initially.

GS must hurdle and sustain above 152.60/65 to trigger upside traction.


  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!