There are three rally targets worth considering right now, all of them between 142 and 150. The lowermost, 142.76, should be used as minimum objective for now; however, if it’s surpassed we should infer that the second, a Hidden Pivot at 144.19 broached here earlier, is likely to be achieved. And if that number too is topped, then 149.55 would become our focus. All can be shorted with a tight stop by scalpers, but the promise of the first two is somewhat dimmed by the fact that they occur within the range of two resistance peaks recorded, respectively, last September and October. The pattern labeled in yellow produced the 142.76 target, and it is sufficiently obscure that I would short it aggressively were it not positioned between the two aforementioned peaks.
GS – Goldman Sachs (Last:134.16)
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