12-1
Would love to see this come down to 40.65, lower
trend line. Adding to watch list for next week as stoch
and trend line touch have been working well. Only real negative
is daily is getting overbought.
12-3 UPDATE
Getting close to buy zone area around 40.70, bounce off trend line. Could get a 50 cent scalp.
Got oversold quickly but price did not
move down much. Nice daily set up
with Stoch just crossing over on 60
Add to watchlist and wait for a day
when financials are leading and if
it holds the 20 MA. Second option is
pull back to the lower trend line at or
around 39.70
JPM is now in a good position towards bouncing to the top of its trending channel off the trend line (after two measured legs down).
Trigger level with a stop order - 39.70.
Stop loss is at 38.10 level - below major support line.
Target is 43 area - an area of major resistance.
Currently located in a bullish channel, but has since broken rising trend support (black line). Three scenarios are listed. The first is an acceleration of the recent bear move down through channel support. The next is a break of the channel, a retest, and further bearish resumption. Finally, there is a good possibility that the price action finds support at the...
Like the trend higher into earnings in the morning but not the Shooting Star forming at resistance oct12w/Nov 42 Call Calendars a 70c bet on longer term upside, just not tomorrow
