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Commentary Topic from greenfaucet

Goldman Sachs (GS) Threatens to form Cradle Sell Signal

I've been watching Goldman Sachs (NYSE: GS) closely as a barometer for financial stocks and thus the broader market for some time now, and the stock faces a critical area to overcome to continue on its upward trajectory. Let's take a look at Goldman Sachs' daily chart to note the overhead EMA resistance that is bearing down to form a potential Bearish Cradle Sell Signal... and then temper that bearishness with a look at the Weekly Chart.