💾 JP Morgan Chase & Co. Worst Since 2008 | Major Crash
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 popcorns... Sit back, relax and enjoy.
The bankers are about to pay themselves hundreds of millions of dollars in bonuses as the entire financial system they run burns.
Let's get started!
The top bank in the USA is JP Morgan Chase & Co. (JPM).
Here is the weekly chart:
Spoiler alert: Since 2020 this chart is the same as Bitcoin, the SPX, and the rest, the exact same, the only difference is that Bitcoin is more advanced in the cycle. It peaked first and it also bottomed first.
On the weekly chart above we can spot the following details:
✔️ This week is the worst in a long time.
✔️ Highest bear volume this week since February 2022.
✔️ JPM closed below EMA10 and EMA21.
✔️ Bearish cross on the MACD and the RSI jumping off a cliff.
These same points will repeat across all the other charts as all the markets are very similar and follow the same patterns.
On the monthly chart, which is the main chart on this trade idea, we have the following bearish signals:
✔️ Major lower high. Feb. 2023 vs oct. 2021.
✔️ Bearish MACD.
✔️ RSI trending lower for more than a year, ready to crash.
Will the FED save the market with their printing machine?
Remember they were doing everything possible to crash everything, maybe they won't be so eager to nullify everything they've done so far... Or maybe they will..
The chart is bearish.
Just as we saw with the SPX, DJI and NDX, JPM is pointing to the biggest crash since 2008.
Namaste.
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 popcorns... Sit back, relax and enjoy.
The bankers are about to pay themselves hundreds of millions of dollars in bonuses as the entire financial system they run burns.
Let's get started!
The top bank in the USA is JP Morgan Chase & Co. (JPM).
Here is the weekly chart:
Spoiler alert: Since 2020 this chart is the same as Bitcoin, the SPX, and the rest, the exact same, the only difference is that Bitcoin is more advanced in the cycle. It peaked first and it also bottomed first.
On the weekly chart above we can spot the following details:
✔️ This week is the worst in a long time.
✔️ Highest bear volume this week since February 2022.
✔️ JPM closed below EMA10 and EMA21.
✔️ Bearish cross on the MACD and the RSI jumping off a cliff.
These same points will repeat across all the other charts as all the markets are very similar and follow the same patterns.
On the monthly chart, which is the main chart on this trade idea, we have the following bearish signals:
✔️ Major lower high. Feb. 2023 vs oct. 2021.
✔️ Bearish MACD.
✔️ RSI trending lower for more than a year, ready to crash.
Will the FED save the market with their printing machine?
Remember they were doing everything possible to crash everything, maybe they won't be so eager to nullify everything they've done so far... Or maybe they will..
The chart is bearish.
Just as we saw with the SPX, DJI and NDX, JPM is pointing to the biggest crash since 2008.
Namaste.
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followalan.com
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