As the stock market floats higher into the July-4 holiday, chart-pattern setups start to take shape. Goldman Sachs Group Inc. (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
Chief Market Strategist
InTheMoneyStocks.com