Good ol Goldman Sachs on this update.

First off it looks like there is a symmetrical triangle that formed beginning in early November. The widest point measures around 55 points and which *should* mean there is at least 55 points of upside once it breaks out.

The symmetrical tringle is known to be a continuation pattern and while the financial sectors have really been eating it lately, has been trending upwards on the short term — since mid August. This symmetrical triangle formation might mean there is some more upside to come as the market consolidates now.

RSI looks OK. Just OK. Only two touches which is enough to make a trend, but not a very strong one.

According to the accum/dist chart, there has been steady accumulation since GS bottomed in mid August.

I would say buy on the next touch of the bottom support of our symmetrical triangle which looks like it should be around $213 or so. Ride it up as far as you can with a nice stop loss as usual.