Will GS lead the market this week like it did Friday? In the chart below I have applied a Fibonacci Extension tool illustrating the fact that Fridays move already achieved the 100% “measured move” of the previous short term decline. In the second chart below I have applied a set of Median Lines to help frame potential price moves going forward. Also added some fibo extension levels to keep an eye on. I think I will give some time to let the dust settle a bit here and let price decide which way it wants to go, prior to initiating any trades. See the bottom chart for some suggestions on price triggers and targets.
