JP Morgan HnS Dragon with Bearish ConvergenceJPM after Bearishly Engulfing on the Monthly has formed a bit of a Head and Shoulders pattern while at the sametime forming a Bearish Dragon with some MACD Bearish Convergence as the RSI enters the Bearish Control Zone if price continues to do what it's doing i could see JPM making a full 0.886 Retrace.
Chase
JPMorgan ChasePotential double bottom setup here. I like this companies financials. It's a credit card company so I'm thinking about the attractiveness of reward points and holiday spending. Even though it's not estimated to be a great holiday season for some, I'm more so thinking about the surcharges and end of month billing here. Chase is also a bank on top of that and just in case they raise interest rates, this may not be a bad move. I want us to reach anywhere between 50-68% of the previous high which was set inn October. I love financials around this time of the year. Let's see what happens!
Not Advice!
Only an Idea!
This trade may end up going wrong. That's the nature of trading! Let's keep getting better!
ES 4450 Late Chasers will be lit up: 4250 - 4150As Volumes begin to dry up and Seasonality begins to take hold as Euphoria
morphs quietly into "Fear" the ES will begin a large retracement.
Globex has been another Low Volume affair with the Retail Chasers continuing
to BTD with diminished conviction.
The chart remains in a Bull Trend, with extreme divergences.
We are preparing for a very nasty 10% correction, followed by another 9% @
minimum.
Ideally, and it is far too early to know - 3600/3800 Range should reduce the
appetite for the ES as Financials continue to fall apart.
Cohesion in Banking has been extraordinary. I have been an Chemical/Chase/JPM
Customer since 1991. This morning I received a notification from CHASE in which
they informed me I had not used my CHASE Credit Card in over 9 months - Citing
a lack of activity against a Large Revolving Line of Credit.
American Express, Member since 1991 - has dropped my credit score internally
from 835 to 717. The reason - an undisclosed Line of Credit, which I do not have.
My LOCs have not been reduced, although they appear to be creating causation.
Interesting times indeed for Money Center Banks.
$JPM Before earningsJPM is looking at a retest of that 160 target I had a few days ago. As expected, algos took profits and it put in a bearish candle at the top. It seems like JPM has been trading inside a very range for a while, and if earnings posted are good, it should break higher, looking at 160 calls that should be paying nicely on this swing. All indicators show a bullish trend to the upside, especially the Stoch RSI. There is a slight bearish divergence on the Ichimoku indicator that is showing near term bearishness. I like this setup to retest the highs at or after ER.
Chase Corp $CCFIt started to make higher highs and not it is time for next move. It is above 50SMA and approaching to the MA zone.
ANALYSIS OF JP MORGAN 20.11.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 131.10
• Take Profit Level: 132.50 (140 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 130.00
• Take Profit Level: 129.50 (50 pips)
USDJPY
A possible short position in the breakdown of the level 108.30
GOLD
A possible long position at the breakout of the level 1479.00
USDCHF
A possible long position at the breakout of the level 0.9920
GBPUSD
A possible long position at the breakout of the level 1.2990
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