JPMorgan Q1 net income $8.3 billion, or $2.63 per share, -42% from Q1 of 2021 when JPM posted a profit of $14.3 billion, or $4.50 per share.
I expect a retracement to the $119 support on this news, if not even lower.
JPM has had several bump and runs throughout the course of its upward trendline, this pattern may continue with the formation of a new bump. A clear Adam & Adam double bottom can also be seen. Overall a strong investment purely based on chart patterns.
