Bearish On Goldman

GS. 170 seems like the next obvious target but I like it all the way down to 160. I don't like entering any trade that isn't elbows-to-assholes against its trendline, as tempting as it is, so I will try to show some patience here. Hopefully we see some sort of one day bounce or short-covering rally back to GS 180. This is just one example of a good looking chart but a lot of things broke down or continued to break down today. Ideally, many of these will come back up to the underside of their pre-existing support (now resistance) line, to provide a lot of low-risk setups.
Here are a few facts (in progress):
AAPL 160
GOOG 500
MA 260
GNK 50
CME 385
ICE 115
GLD brokeout
FLR brokedown
SOHU brokedown
POT pulled back to support

Trading for a Living
When the slope of MACD-Histogram moves in the same direction as prices, the trend is safe. When the slope of MACD-Histogram moves in a direction opposite to that of prices, the health of the trend is questioned. It is best to trade in the direction of the slope of MACD-Histogram because it shows whether bulls or bears dominate the market.

The slope of MACD-Histogram is more important than its position above or below the centerline. The best sell signals are given when MACD-Histogram is above its centerline but its slope turns down, showing that bulls have become exhausted. The best buy signals occur when MACD-Histogram is below its centerline but its slope turns up, showing that bears have become exhausted.