Goldman squandered an opportunity to turn vicious yesterday, lunging above two “internal” peaks on the hourly chart in the opening minutes of the session, then failing to go for the gusto by taking out the “external” peak that I’ve labeled on the chart. What this suggests is that the next rally cycle is doomed to fail.  From a trading perspective the stock remains a long-term short, although the opportunity to do so does not appear to be perfectly ripe at the moment.