18May10:12 amEST

The Goldman Golden Magic Hour

With one week before the unofficial start of summer, Goldman Sachs may very well be entering the "magic hour," where we will see if the grind higher amounts to big financial taking the rest of the XLF sector along with it. 

On the updated daily chart, below, note the move to $205 this morning followed by an initial fade outside the upper Bollinger Band. A quick short may be had here, with a stop above the highs of session.

But, beyond that, I suspect headed into summer the performance of Goldman should give us good insight as to where the big banks go.

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