Nov 13. GS technicals

Note: this is not a recommendation.  Just a test of technical analysis for pleasure.  Goldman has broken through a neckline on a head and shoulder formation on the heaviest volume of the year.  Technically should target 175 to 180 at minimum.  The 50% retracement from the low of 2016 to the high of 2018 is 207.  We’re now below that level.

 

• ABOUT:
  Former member of the CME specializing in interest rate options and yield curve strategies.

  The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results.