GS - HARD DOWN ON BLOWOUT VOLUME FOR OPEX - GS basically bounced at the open, then fell sharply and tried to bounce several times, but the strong selling volume resulted in a breakdown of support on the daily and weekly charts... closing at 243.94, only 8 cts from the low of the day on Monster Volume, breaking the daily swing lows on volume and closing under volume support and it is now in hyperspace on the weekly falling inside a gap down to 242.72, and if the selling momentum stays strong, we see the target here as 236.00, in line with volume support and testing the bottom uptrend line on the chart below. GS closed at 243.94 and we see support at 242, 240, 236 and resistance at 244, 246, 248 - we could see a bounce off the extreme low on Monday, but we don't rule out even further downside to fill that gap at a minimum.
Deutsche Bank Seeks $8.6 Billion Selling Shares at Discount
