On September 02 our Strategy of the Week was a neutral to semi-bullish Put Diagonal Spread on Goldman Sachs (see original article - September 02).Based on the technical structure at the time, we mapped out a couple of retracement targets based on Fibonacci ratios and confluence areas (see chart below). The first target, which represented a 61.8% and 127.2% confluence retracement of the last leg down was hit last Tuesday and again today. It centered around the $183 level. GS closed at $183.61 today[...]
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[Source: The Money Blogs]
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