JPM Time to Bank your profits ?
Updated
JPM has has had a great run, tacking on 17% since the April low.
They report Friday of this week. Last Quarter they surprised to the upside.
Using a 4H Wolfe Wave analysis we appear to have peaked and could pause or head lower.
The fly in this ointment is that the 15 minute chart has a bullish Wolfe Wave.
So I am waiting in the weeds until the recent gap is filled at around 127.85.
Also need my momentum indicator to roll over.
Note: Powell speaks and other Banks report this week; so possible volatility .
Not investment advice... do your own due diligence.
S.
They report Friday of this week. Last Quarter they surprised to the upside.
Using a 4H Wolfe Wave analysis we appear to have peaked and could pause or head lower.
The fly in this ointment is that the 15 minute chart has a bullish Wolfe Wave.
So I am waiting in the weeds until the recent gap is filled at around 127.85.
Also need my momentum indicator to roll over.
Note: Powell speaks and other Banks report this week; so possible volatility .
Not investment advice... do your own due diligence.
S.
Note
an update.. momentum starting to roll over... price closed gap.. earning tomorrow... lets see where it goes..Note
Earnings out...loss of upward momentum sell strength and watch broad markets
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