GS is a stock we have been highlighting recently, as it has formed a head and shoulders pattern and broken down below the neckline. It is common for a stock to snap back above the neckline after initially breaking through. This is definitely looking like a reality, but then we will again look to short the stock. Look to short the stock around 172 for a longer term move down to the 140 area. The trade may be a few days away, but just keep your eye on the lagging banking sector.
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