To be certain, you should:
1. Consult a repair manual: A shop manual specific to your 1985 Cadillac model and engine/transmission combination will show the exact location with a diagram. This is the most reliable method.
2. Look for a sensor near the top of the transmission: It's usually a small, cylindrical sensor with a single wire or connector.
3. Trace the wiring: The speed sensor wire will run to the instrument cluster. Following the wire back towards the transmission can lead you to the sensor.
Caution: Working under a car can be dangerous. Always support the vehicle securely on jack stands before working underneath. Disconnect the battery negative terminal before disconnecting any electrical components.