Earlier I entered a light position in GS calls as a partial hedge to my fairly large SPY short. The reason is because I think GS will mover up harder and faster then the market (if the market rises), and a weaker down move w/respect to the market (if the market does go down).
Doing my evening reads (yes I read at night too 
) I see Cramer did a segment on GS. This is one of the few time I completely agree with Cramer, and the chartist’s view as well. Actually, GS is also one of my indicators to be expecting a market consolidation (there goes one of my secrets… another reason why I use it as a hedge).
The weekly says it all, with respect to resistance:
Its overbought and hitting 140 resistance. I do not think it is as strong as a resistance than the 160 level via the 200SMA. The wkly 200SMA also corresponds with the 500SMA which is a clear long-term support level for GS… hence no a major resistance marker.
Because I agree w/Cramer on all his fundamental points regarding GS (as per his video), GS will not see a massive breakdown.
If the market keeps going down, dragging GS with it, GS should consolidate to around the 120-125 level as it gets oversold. (and where I will triple up)
