Last week, I noted that Goldman Sachs $GS was breaking below $200, and opening up the bearish correction towards $170, which would also likely provide some support.GS Daily Chart(click to enlarge)Bearish Continuation:- Looking at the daily chart, we can see that the market is really accelerating the downturn.- It looks like a run away bear train. - The fact that price rebounded from $190 but then found resistance around $199 suggested that bears were firmly in control.- GS is now testing $180, and I think price it will fall further towards $170.Support:GS Weekly Chart(click to enlarge)Channel Support:- We can see on the weekly chart, GS is coming off a price top, but heading to a channel support around $170, - If price continues to fall at the same pace it has been during the last couple of weeks, we might see price hit $165 before challenging the rising channel support. - I think at this point, we can only say that the $160-$170 area appears to be a key support area, especially when the weekly RSI dips below 30.