Goldman Sachs is showing clear signs of exhaustion with a bearish MACD and an RSI drifting toward oversold territory. While the broader sentiment remains mildly bullish, the professional analyst target of $978.35 creates a fundamental gap that the price is likely to fill. With IV Rank at a basement level, the cost of downside protection is minimal, making puts highly attractive. We are playing a mean-reversion trade toward the $974 support zone. The absence of a strong L1 trend allows the L4 momentum and L7 targets to drive the short-term direction.

Stop: $1062.91 · T1: $974.42 · R:R 1.04