MET TARGET – Goldman Sachs Forecast 8/18/2015

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Goldman Sachs (NYSE:GS) took on the blue zone, and has bounced with price action very similar to that of JPM. HOWEVER, GS doesn’t show that the bears have much energy left to take price lower, so we are forecasting that any breakdown will be short lived and that the odds are high that a double bottom is likely to form.

Be on the lookout for an elegant spot to exit in full if a double does indeed form.

I wanted to highlight the opportunities that existed for intra-day traders utilizing the “Map Of The Markets” for GS. Look at the outstanding risk to reward ratios that were there if you were watching the tests of the red and blue zones intra-day!