Goldman Sachs

Goldman Sachs was back in the news this week for better than expected results. US financial stocks started to see some early momentum and maybe it marks the start of a rally in financial stocks as they join the party. I have redrawn the channel to the recent low which is now at 200 and the top end of the channel goes to 280. The wave structure has been considered 1-2-1-2 because the two rallies share the same price territory. The next move up then should be wave 3 of 3