I'm shorting GS $97, looking for a drop to below $47.
Notice in the chart above that the rally from the '08 lows has been choppy and overlapping, unfolding in 7 distinct waves. This means the past few months has just been a correction of the previous drop, so I think we're about to start Wave5 down to new trend lows. Notice also that there is bearish MACD divergence. Looks good!
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