It’s not for no good reason that Goldman’s spectacular bull run has stalled where it did, at 170.94. Notice in the accompanying chart the high at 172.45 made last September.  That is not what we call a “look-to-the-left” peak, since it lacks the whimsical subtlety that we look for in such peaks. Rather, it is a very crucial and obvious peak because Goldman fell apart right after it was recorded. Sellers up to this point have been trying to get their money back, or perhaps make a few bucks, but anyone still holding for a thrust above 172.45 is probably on board for the long haul.  Odds of a “false” breakout seem low, but if the stock were indeed to collapse from a high above 172.45, it would rank as one of the wickedest bull traps in memory.