You can see it's important for GS to hold above the 150.00 level and, particularly, above the 200 sma (pink)...price is still subject to the negative influences of the bearish "Death Cross" formation on the following Weekly chart and is grappling with negative divergences on the MACD, Stochastics, and RSI indicators. Weakening Financials may pose a problem for the SPX.
*UPDATE June 27th:
GS ran out of steam today into the close, but this GS:SPX ratio has popped back above near-term support of 0.095...momentum is back above zero...a break either above or below this large descending triangle is imminent...momentum will need to confirm any sustained move.
