The 822.50 target caught yesterday’s high within 1.25 points, but the nasty swoon that followed was not telegraphed by the chart I had used to project that target. The erratic price action will somewhat alter my projections for the near-term but it will not dampen my bullishness, especially considering the miraculous recovery of Goldman shares at day’s end. My upside target for the near term is now 848.25, subject to midpoint resistance at 817.75. That’s just a couple of points above Wednesday evening’s so far high, so night owls may have a chance to position themselves for a breakout.
