Shares of Goldman Sachs $GS has been trading in a bearish correction since the 2018 high in March, around $275. As we can see on the daily chart, the correction has been in the form of a falling channel. GS Daily Chart (click to enlarge) Short-term Upside:- The daily chart shows that price has broken out of the falling channel.- While the breakout was from a bullish swing, we should consider the possibility it is simply shifting to a sideways market.- On the other hand, the ability to hold above $224 this week suggests some bullish potential in the short-term.- Some will see a potential inverted head & shoulders pattern. - Some will also see the fact that the RSI almost tagged 70, and is now holding above 40. This is a subtle sign that bullish momentum is percolating.- With these technical signals, I would anticipate a push towards the $245-$247 area, which includes the 200-day simple moving average. - This is also in the middle of a support/resistance pivot. If the market stalls here, we are likely still in consolidation.- If price can clear above $248, then I would start considering the possibility that GS has turned back into the bullish mode, which would have the high near $275 in sight.