Who Will Be the Ace of Blankfein’s Base?

To update the massive triangle on Goldman’s weekly chart, note the tight base continuing to build on the lower support trendline. I hate to be dramatic, but it sure seems like a major moment is upon us with Goldman, in terms of leaving these levels behind once and for all, or rather breaking down and giving the bears the juice they need. A weekly close below $90 would be a tough pill to swallow for bulls, while a close above $105 would strongly hint at a major bottom.

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