It sounds a little nuts, I know. But hear me out. We clearly have a double touch on the upper channel line on the 12 month- clear rejection. The 9 MA on the yearly looks awful too. General weakness, there and within the stoch rsi and mac d. The 3 month also looks awful. Let's hone in though on the 9 MA and 20 MA on the chart though- they're clearly about to fall...
The chart posted is the first part of what I see as a Fractal Design back in 1986 to 1990 Recession I will post that as well
JB Morgan Bank will collapse we are already at the beginning of a financial global crisis and it will be affect even on stock prices and we may see stocks fall by 90-95% of current prices. The gold is the only one safest in this next collapse. Even Bitcoin will not survive this collapse and will be pricely affected significantly and can see it on 1k or lower, so...
Banks restructure the debt of stressed corporations every day, not out of philanthropy but out of enlightened self-interest. But the problem was that, now that we had accepted the EU–IMF bailout, we were no longer dealing with banks but with politicians who had lied to their parliaments to convince them to relieve the banks of Greece’s debt and take it on...
We have a clear Downtrend on JPM, just be carefull with the recisstance. Try to manage your SL with 600 pips on it.
$DJI bounce decently off support on daily charts. This may take some time to heal. However, IF #stocks can hold for the next few hours it can be okay. The only reason it's not pumping higher is $GS & $JPM, #banks. On the 4Hr we see a DOJI formed MORE than 4 hours ago & on the CURRENT 4 hr candle it is being ENGULFED WITH VOLUME. We want to see a close above 32k...
After seeing what happened to SVB Financial Group and Silvergate Bank, I decided to do a little digging and see how the banks stocks are doing. I looked up the biggest bank in the USA and got a list of the TOP15. I can publish only 10 charts per day, so I will focus on the TOP10. This time we will have a bank session... Call it a "Bank Holiday" . Grab your...
With the recent news of SIVB's collapse, there is now fear in the market towards banks. JPM showed very impulsive rejection at a previous weekly/monthly area of support which is now acting as resistance. Could be a great opportunity for puts with expos a month out.
Today we saw a systemic risk in the financial sector. The regional banks were hit extremally hard and as a result the Major banks saw sell side liquidation. Where there's one cockroach, there's usually another. Risk in the banking sector is the worst type of risk investors can ask for. Credit liquidity crisis is not something to mess around with. SIVB looks...
Is 9 months correction enough for completion of 32 years bull run ? Started at 3.21 on 1990 and ended at ATH , JPM most probably has completed an impulsive section of a large degree wave cycle and currently is in first leg of 3 legs ABC form of correction. As shown on the chart by green horizontal lines, JPM has so far retraced back around 0.382 of whole...
XLF is now trailing behind the KRE . This topping formation has now triggered on the daily chart and is showing us there is a tremendous amount of risk in the banking sector. Will we see a small bank blow up which causes contagion?
$JPM has a very nice and tight reward to risk setup. Upside is substantial, and considering the recent turn of events logical. We likely see some rotation from growth to value next, and financials are looking like a beneficiary of the latest econ data prints. Best of luck! Cheers, Ivan Labrie.
JPMorgan Chase - 30d expiry - We look to Buy at 136.22 (stop at 132.88) The primary trend remains bullish. The stock is currently outperforming in its sector. 50 1day EMA is at 136.07. The sequence for trading is higher highs and lows. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look for a temporary...
Market Conditions: - bullish trend - possible pullback - bullish sentiment in the market Key Level and Lines: - $138.66 support Trading Ideas: - go short if the price moves below the support and there is bearish sentiment in the market - go long if the price bounces from the support.
Looking at the JPM JPMorgan Chase options chain, i would buy the $135 strike price Puts with 2023-6-16 expiration date for about $7.90 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
During the summer of 2022, we laid out a thesis about the stock market progressing in the second stage of the bear market. We said that we would look for signs of corporate underperformance and downgrades in forward guidance within earnings statements for 3Q22 and 4Q22. In the 3Q22 earnings season, many companies began downgrading future outlooks and warning...
JPMorgan Chase (JPM) reported earnings today for the 4th quarter. There was no surprise for the professionals and for the Dark Pool Buy Side Institutions. They already knew what the numbers would be. Today's candle was not just a bullish engulfing candle. It is what we, at TechniTrader, call a major fundamental REVERSAL candlestick pattern. This is a huge...
$SPY $SPX $ES1! Analysis, Key levels, and Targets I honestly love TA so much. It’s so fascinating to me. Those who trade without TA, like say, just using the option chain, are really missing out on a cool thing…. Not a huge change since yesterdays update, but we did get into the gap but failed to fill it and were rejected at the Daily 200MA… Tomorrow we...