JPM is in an uptrend since earnings the morning of July 14th at the end of the
trading week. On the 1H chart with VWAP band lines anchored to a week before
earnings as a dynamic support and resistance reference shows a rise from below
the first standard deviation above the mean VWAP to above it with a pullback
after the earnings and then a continuation at the depth of the pullback today
July 17th.
The two-time frame RSI indicator shows the lower TF blue line moving lower
despite the uptrend today. This is suggestive of bearish divergence.
The zero-lag MACD shows a cross of the lines above the histogram suggesting
a reversal as does the green to red and positive to negative on the histogram.
As a result, I will watch JPM for reversal and a put option or short sell stock
trade.
trading week. On the 1H chart with VWAP band lines anchored to a week before
earnings as a dynamic support and resistance reference shows a rise from below
the first standard deviation above the mean VWAP to above it with a pullback
after the earnings and then a continuation at the depth of the pullback today
July 17th.
The two-time frame RSI indicator shows the lower TF blue line moving lower
despite the uptrend today. This is suggestive of bearish divergence.
The zero-lag MACD shows a cross of the lines above the histogram suggesting
a reversal as does the green to red and positive to negative on the histogram.
As a result, I will watch JPM for reversal and a put option or short sell stock
trade.