Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Chart On Watch: Goldman Sachs Bear Flag Formation

|Includes: Goldman Sachs Group Inc. (GS)

As the stock market floats higher into the July 4th holiday, chart pattern setups start to take shape. Goldman Sachs Group Inc (NYSE:GS) is in the middle stages of forming a great bear flag under the 50 moving average as the 20 moving average slopes into price. This will likely setup as a great bear flag short later this week or early next week.

Gareth Soloway
InTheMoneyStocks.com