goldman sachs technical analysis - latest goldman sachs technical analysis

goldman sachs technical analysis

goldman sachs technical analysis of the daily goldman sach chart.

Taking a look at the goldman chart below it is obvious that we have broken significant support at around the 145 level. It seems that goldman sachs has also broken a descending triangle pattern also, and that could spell trouble in the short term.

We have to remember the main reason this is significant. The weeks leading up to the high in FEB 2013 goldman sachs seemed to have led the rally. Now the market is stalling and goldman sachs seems to be starting to sell off. That could be the warning sign right there.

We will continue to monitor this chart in the coming weeks.

goldman sachs technical analysis

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stock market volatility index - Vix Weekly chart

stock market volatility index - Vix Weekly chart

The stock market volatility index & Vix Weekly chart is showing us something very important.

The stock market volatility index & Vix Weekly chart has been in a downdraft since the end of 2012, that is what is keeping the market so buoyant  Right now we are about 12.5 on the VIX weekly chart, and almost down at support again.

The thing about the recent support is that the VIX is having a hard time getting through these levels, so it is something we much watch. If we bust through these lower levels the Market will likely skyrocket. However if we go and touch these lower support levels and then bounce we will likely see some sort of a sell off, so VIX will be a good chart to keep a close eye on.

stock market volatility index - Vix Weekly chart

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Nasdaq Hourly Chart

Nasdaq Hourly Chart

Today we posted an update HERE on the nasdaq chart. We made some notes on how the nasdaq the last few days, has been doing nothing more than just coiling or in a low range tight price pattern and working out where it wants to go next.

If we have a look at the HOURLY Nasdaq chart, we can see that the very quick upwards rally has left a gap on the chart. This is highly unusual and we must warn you that these gaps do eventually close, sooner or later.

For now, however, since the 3rd of January we have topped and just going sideways, however on the nasdaq chart   the nasdaq seems to have found a bit of support, and we are oversold on the hourly, which means that in the next few days it is probable we will see some sort of bounce, and even a break out to the upside, depending on how strong the bulls feel.

Nasdaq Hourly Chart

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