JP Morgan Chase & Co recently achieved a double top pattern. This pattern is a significant technical signal that normally sends the stock down to a common level of support. The double top and other technical indicators are detailed below. JP Morgan Chase has been in a long term bull trend and will most likely continue after the stock drops. When we look at...
but i believe this will drop on earnings and then slowly rebound up. So I will place my trade in after the earnings are reported. Tomorrow morning. I am long on this but I already have a WFC position and I can't risk two trades going against me.
I told you guys I couldn't afford two trades going against me. Am I worried about my WFC bull spread? A little. NOT because I think WFC is on a downward spiral BUT because I don't know if it'll get in my range in time (53ish). It won't stay down for long that I do know. I just hope it does it in time. I have a lot of trades going against me. WFC, HLF, and EBAY (I...
JPM seems to be breaking our of a head and shoulders pattern, also backed by the Coppock curve breaking out of defending triangle and will probably rebound to carry on going even more negative. Also, I would short now, but if it breaks the 100 MA then its a definite short until the support of the last flag pattern. Furthermore the stock seems to be entering a new...
ETH 7:30pm 3/24 #NeverForget #failedpump I heard a lot of talk about thin books. But all I see was mad buyin, no selling which means a one sided market. Failed Pump in my view until proven otherwise. And I need more than a link to a ordersheet that only reinforces my view that JP Morgan has jumped the shark with their support of ETH. I think they saw an...
With the enactment of deregulation on Dodd-Frank, large banks are gapping up to a higher level. Since Trump's election, JPM has jumped almost 30% and it's gonna retest 88 so as to open the new territory.
The underlying bullish trend remains intact, as prices post new highs. Momentum studies are already overstretched, however, but downside risks are likely to remain limited as monthly studies remain strong and investors maintain a buy-into-dips strategy. JP Morgan is also outperforming the SP500, and as a proxy for the broader based US Financials Sector, asset...
Is no mystery that the banking sector uses after the elections will suffer a slowdown
JP MORGAN-SELL at Resist levels and Zones Once Price drop below the 50 MA, down trend is confirm.
From 2007 high it is going down trend. And now in near future it will re-test the 2009 low around $2.75.(see green line in the chart) If it fails to hold then BCS will go pennies on the dollar. Though you might have missed the maximum profit ratio by shorting but still you guys have some hope as it is only trading around $8 range and soon it will free fall. Good...
JP MORGAN CHASE - Trading the S/R Levels and Zones Trading Rules: All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone. Only trade when levels in zones are touch for the first time with a 1 hour engulfing candle to confirm the...
JP MORGAN CHASE - Trading the S/R Levels and Zones Trading Rules: All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone. Only trade when levels in zones are touch for the first time with a 1 hour engulfing candle to confirm the...
It is in my list to go short with options in few months. May before or after election. Let see!!!! Black line 1st degree is a very strong support line. So bounce expecting when it touches and then side wise choppy trade and will be short lived bounce. Eventually it will break the 2009 line and then the territory will be a free fall. Take your money out from the...
EVEN THOUGH I AM LONG Currently, BUT MY MONTHLY CHART IS SLUGGISH, WEEKLY IS STRONG still but some weakness there. So for some one who lost $100k in 08/09 and has been watching market for about 2 decades; "time to warn". I do my own analysis and manage my own money. Those are the lines and suggestion for key resistance level to see if new bear market comes after...
JPM has declined from a double tops formation which is marked by two horizontal blue lines at approximately 70 and 68.5. Based on this formation, we would expect a new resistance level to be established at approximately 60, which has been the case thus far in 2016. At the moment JPM is flirting with this line at 59.76 which brings up the question of whether it...
With the Federal Reserve finally raising interest rates and risk sentiment entering the market, there is potential for a bullish break of a falling wedge.