Goldman Sachs Forecast 7/25/2015

Goldman Sachs (NYSE:GS) has been strongly bullish for the better part of a year. After showing signs of a blow off top near the $220 per share area, this market has confirmed a reversal by forming a lower high. Bearish power is growing and we forecast that this stock will test down to the $200 per share area, then the odds are likely that another lower high will form after a correction and take price down further.