On a monthly basis, GS prints at resistance of a 1×2 GANN. Whats interesting is that technical analyst have respected the 1×2 as resistance post 2012. On the flip side, 1/1 GANN acts as support, and piecing together both GANNs, we get the rhythm of rotations from support to resistance in this cycle forming an ascending broadening megaphone. So is this time different? From summer 2016, GS has appreciated +75% from 1/1 support to 1×2 resistance. Our only thought is the auction has to attract more participants via the Trump reflation trade as well as an increase in rates for GS upward sustainability. Otherwise, the 1×2 resistance with four years of precedents could repeat.