Goldman's 7 Reasons Why Stocks Will Trade Down

Failing break-out

Yesterday it looked like SPX was getting ready for the break out to the upside. Today it looks like we might fail. Postponed break-outs normally lead to a little set-back. And this happens just as we enter into one of the weakest 2-week periods of the year. We data-mined and cherry-picked everything bearish across the Goldman Sachs research & trading desks. Here it is.