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JPM

JPM daily perspective and possible impulse coming.Today we will take a look at the JPM chart: What are the main things we can see here? a) The price is above the last support/resistance level. b) The ascending channel has been broken, and the price is currently supported on the broken structure c) We can see a complete ABC corrective pattern d) Projecting a new channel assuming that the price makes a new ATH, we can see a convergence with fibo levels using the previous impulse What conclusions can we take with this? a) f the price reaches our green horizontal line, we will consider that to confirm our bullish view. b) The targets we will be using are the two levels we have drawn using Fibonacci extensions c) Ok, what happens if everything goes wrong? Our stop loss will be below the Corrective pattern. d) If the setup is never activated and the price falls below the structure, we will cancel our view. e) The risk we are taking on this setup is 1% of our trading capital. f) This is another setup of the stock strategy we are applying on the markets. The expected win rate of this is between 45% - 55%, which means that we tend to be wrong half of the time. However, when we are right, we make around 1.8 to 2.5 times what we lose. g)The expected movement can take between 150 - 250 days. Thanks for reading guys!
NYSE:JPMLong
by ThinkingAntsOk
4
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.
CME_MINI:ES1!Short
by HK_L61
1
Hedging with short JPMWhen the market reached a (new) All Time High earlier today I wanted to get some short Delta in my positions. I learned my lesson during the 'recent unpleasantness' bottom of 7/19 that being all net long puts one at risk of volatility in a portfolio... even if the positions themselves individually remain strong and profitable. This morning's volatility setup a good short entry on NYSE:JPM that by looking at futures this evening should hedge against tomorrow's potential downside.
NYSE:JPMShort
by norok
1
JPMorgan to $80 by October 2022NYSE:JPM Jamie Dimon and his army of minion traders at $JPM are printing the classic bear pattern of a H&S top (green). Measuring that formation, that should put us at a local bottom sometime in October. From there I would expect the Santa Rally to be our retest of the neckline, before creating the base of the much larger H&S pattern in yellow. Measuring that pattern out gives me my price target of $80 when it is all said and done by October 2022. And yes that is a price gap at $110 (purple box) that I expect to be filled in these moves. - Penny
NYSE:JPMShort
by PennyBagsCapital
FXCM USBANKS Basket Hourly Rally in Longer-Term WeaknessFXCM's USBANKS basket is in the bearish area on the daily chart on the left. The basket is an equal weighting (20% each) of JPM, BAC, WFC and C. A bearish cross of the EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase the chances of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop above hourly high in conjunction with risk management techniques.
UShort
by FXCM
2
WATCHING $JPM for ENTRY TARGET @ 141.20WATCHING $JPM for ENTRY TARGET @ 141.20 ———— I will repost when it get’s closer (or if I take a position)if it goes that way and if it makes higher highs I’ll repost with new entry. Look to the right. ENTRY target in grey. Sell target in green. Double position target in red. That’s it. I’m starting to also add in a few support levels to add as well. I’m also thinking about doing the Entry targets on YouTube instead, maybe twice a week… I think the 10 daily charts should be for new positions, targets hit, and adds… thinkin’ about it.
NYSE:JPM
by SPYder_QQQueen_Trading
2
Alarming sign in S&P500If you sort the market based on the YTD performance Financial sector would be the front runner in 2021..! Although big banks' stocks are traded at slightly lower prices these days, they outperform most tech stocks and major indexes in 2021..! this could be an alarming sign for S&P 500..! NYSE:JPM NYSE:BAC NYSE:WFC NYSE:GS NYSE:C NYSE:AXP a comparison between S&P 500 and banks performance in 2021: A comparison between big banks and major indexes' performance in 2021! Just to add the last cherry on the cake: do not forget when I published the post about NASDAQ front runner in mid-February 2021: All EV makers experienced a crash after that and never see the same price..!
TVC:SPX
by Moshkelgosha
6
The Credit Cycle - Free Wealth is Over?Idea for Macro: - Financial sector selling off heavily. - While it's early to call a bear market, the exhaustion gap at an all time high is a reasonable signal for market reversal. - XLF, XLE and FAAMG have been holding up the broader markets at this high... Cracks appearing? Underlying conditions: - Institutions will invest based on 18 months into the future (Druckenmiller). - There are 3 relevant possibilities for the banks: (1) Inflation is sticky, interest rates will be raised in the future, within 18 months. This actually increases the banking sector's profitability, but the price is declining because they have been speculated above valuations. (2) Inflation is transitory, interest rates will not be raised, and we will have negative real rates. This will hurt the banks' profit margins. This is a possibility due to the 40 year demand-push deflation the US has been in (see Oil/CPI). (3) More importantly, the economy will decelerate (deflationary). Liquidity components of the Fed B/S have been decelerating and global credit impulse (lending) has gone negative. No more easy lending, less loans, meaning less earnings for the banks. Investors know this and are exiting the overheated trade. Either way for inflation, global liquidity and global credit impulse are turning down, so the Long Volatility trade seems to be ideal. Why did global risk assets rise to such insane levels? Credit impulse - easy lending. Now that supply of sugar is gone. Only one thing left that can happen. GLHF - DPT
AMEX:XLFShort
by UnknownUnicorn1043646
JP Morgan Chase & Co. bearish scenario:We have technical figure Rising Wedge in US company JPMorgan Chase & Co . ( JPM ) at daily chart . JPMorgan is an American multinational investment bank and financial services holding company. The Rising Wedge has broken through the support line at 15/06/2021, if the price holds below this level we can have possible bearish price movement with forecast for the next 30 days towards 146.13 USD. Our stop loss order should be placed at 167.44 EUR if we decide to enter this position.
NYSE:JPMShort
by legacyFXofficial
Things Looking Up for JPM this Summer?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on June 11, 2021 with a closing price of 159.92 on the hourly chart. If this instance is successful, that means the stock should rise to at least 161.6855 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 3.7815% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 5.577% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 50 trading bars after the signal. A 0.4% rise must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 23.5 trading bars; half occur within 36.5 trading bars, and one-quarter require at least 44.5 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:JPMLong
by StockSignaler
JPM Bearish back towards 155 if Breakout FailsLooks like its back trying to challenge a break out to new highs This all depends on rates really. I guess the anticipation is that rates are going up eventually so banks should too? Just a guess Banks have led recently, maybe time to cool off and drift back to support The NFP number this morning gave a hint of how JPM will react in the future to unfavorable data Just gonna play it bearish looking for maybe a $5 pullback or so over next week or 2 If rates start getting really frisky this trade is done If it blows through 161.5 I'll be out, might wait for that test before entering Some sort of diagonal put spreads not sure on specific strikes yet
NYSE:JPMShort
by Tidal_0BX
Watch for JPM dip to $142Full disclosure...I believe that JPM's recovery from the COVID crash occurred for 1 of 2 reasons, maybe both: 1) They're too good at making money (or not losing it). 2) They're cheating. There are two concerning trends that I would like to point out with this analysis. I'm more inclined to believe the latter due to precedence, which increases the long-term risk for big dips. Yes, they will recover from any selloff, however, this is the reason that I do not like JPM long. The news regarding the soccer super league that would be financed by JPM is a big reason for the dip we are seeing now. Reports (credibility unknown) show that soccer fans are boycotting the bank for all the wrong reasons. If the stock breaks the lower boundaries of the wedge, I can see a selloff to a sub $145 region, which would provide a great buy opportunity, with a $163 price target in mind. The same goes for the upper limits of the wedge. The Head and Shoulders pattern gives me some worry about the possibility of breaking $150, before going below $145. Bold predictions as usual... JPM options usually prove to be extremely lucrative I believe that they are currently overvalued (especially at $160), I would love to hear some reasons for an oppositional opinion. *Share your thoughts and concerns with my views! **Not a financial advisor. ***Don't judge me on my winners. Judge me on my losers, because there are so few.
NYSE:JPMShort
by kambach
2
Super League Controversy Creates a Trading Opportunity on JPM The proposal for the formation of a new "Super League" by a breakaway group of top-tier football clubs in Europe has stirred quite the polemic over the past several hours, especially after the name of the U.S. bank JPMorgan was thrown into the controversy. Leading clubs from England, Italy, and Spain, announced their intentions to create a new competition comprising of some of the world's richest clubs, such Manchester United, Real Madrid, Juventus, and Barcelona, which was the primary cause of the commotion. The announcement was followed by an immediate outcry from fans denouncing the proposal, viewing it as nothing more than a cash-grabbing idea. It was later revealed that JPMorgan was to finance the Super League with more than $4 billion, helping organise it using an American-style model used in the NFL and NBA. Account Go Premium Analysis Journal Markets Shark Radar Trading eBook Mission Search by Tag Terms & Conditions Risk Disclaimer Privacy Policy Contact us Sign out Profile Settings Subscription Billing History Search by Tag Terms & Conditions Risk Disclaimer Privacy Policy Contact us Go Premium Analysis All Forex Commodities Indices Stocks P&L History Journal Markets Shark Radar Trading eBook Mission Markets Breakdown of the latest developments on the global exchanges Apr 21, 2021, 8:52 AM GMT #StockMarket JPMorgan's Super League Gamble Backfires After Severe Outcry from Fans JPMorgan's Super League Gamble Backfires After Severe Outcry from Fans Chelsea Supporters Protesting the Super League. The proposal for the formation of a new "Super League" by a breakaway group of top-tier football clubs in Europe has stirred quite the polemic over the past several hours, especially after the name of the U.S. bank JPMorgan was thrown into the controversy. Leading clubs from England, Italy, and Spain, announced their intentions to create a new competition comprising of some of the world's richest clubs, such Manchester United, Real Madrid, Juventus, and Barcelona, which was the primary cause of the commotion. The announcement was followed by an immediate outcry from fans denouncing the proposal, viewing it as nothing more than a cash-grabbing idea. It was later revealed that JPMorgan was to finance the Super League with more than $4 billion, helping organise it using an American-style model used in the NFL and NBA. JPM closed yesterday's trading session with a loss of 2.21 per cent, and as can be seen on the 4H chart below, bearish pressure keeps mounting. The price action is developing a major Descending Wedge pattern, which typically entails likely uptrend continuation. However, the latest developments could change that. After having broken down below the 100-day MA (in blue) yesterday, the share price is currently testing the lower boundary of the Wedge. If it gets broken as well, then JPM could tumble as low as the major support level at 140.00. The latter is currently converging with the 200-day MA (in red), making it an even more prominent price level. In contrast, the broader bullish trend could still survive, but the share price would have to rebound immediately and then break out above the upper boundary of the Wedge. In case that the price does indeed manage to complete the Wedge, it would then be able to test the all-time record resistance level at 160.00.
NYSE:JPM
by Trendsharks
$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.
NYSE:JPMLong
by Modus777