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.
JPM
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).
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
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.
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.
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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.
$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.
Bitcoin, Buy, Sell, or Hold? That’s the question?IMO, we are in the most critical days of Bitcoin rally.
We should consider all the possibilities..! Why? Because at the end of the past bullish rallies Bitcoin experienced a massive correction of 83-86%..! What makes it more interesting is that Bitcoin corrected -27 to-35% just in the first month.
At this moment I believe Bitcoin is not either a buy or sell. For those who have it in their portfolio it is a clear hold, but for those who don’t , it is better to watch it for a clear breakout! Which side, up or down?
At this moment, I believe no one can answer the question!
I believe the bearish case is more probable! Why? Because:
Bitcoin with +1.1 Trillion market cap is
- 6th biggest tradable asset after Alphabet
- is bigger than the first 3 biggest banks combined JP Morgan Chase (433B) + Bank of America (306B) + Industrial & Commercial Bank of China (290B):1.029 Trillion
What is your prediction? Upward Or downward Breakout?
It could be interesting for you if you check my Tesla analysis with the same title..!
Moshkelgosha
JPM Breakout ImminentJPM, along with other value stocks within the financials, travel, and industrial sectors, have seen relative strength during the recent market sell off. I'd like to see JPM close over 155 for a move up to the low 160s, but seems like it needs to reclaim and bounce from the 20 day EMA first.
Stormy days ahead for BanksAs you see in the charts, stocks tend to move in clusters!
Bank of America, Wells Fargo, JP Morgan Chase, and KBE(bank ETF) all have made the same price pattern..!
all shows stormy Days coming, if you have banks' stocks, maybe it could be a good time to trim your position..!
JPM (NYSE) - Bullish Trend
Greetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox).
Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
JPM (NYSE) - Bullish Trend
Note :
1. This is just a road map
2. After u know the rod map, u need to decide what is the entry strategy, and exit strategy where we do not explain here. if u will know more, let send us message
3. If your information/knowledge is intermediate, it is very dangerous to do trade.
$JPM Ready to test highs againAlgos have this pinned right at that conversion line and 8 Daily EMA. Flirting with overbought RSI, it has made a steady climb up to higher highs. I've set 160 as a psychological level to break, but the way it has been moving, it could move much higher. $XLF looks strong as well, indication higher highs for the entire financial sector. Targets should be short term, ready for a quick drawback if it fails to break out of these levels.
JPM (NYSE) - Bullish TrendGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
JPM (NYSE) - Bullish Trend
JPM Bearish to 150 areaIf you look at JPM on a Weekly chart its at the upper end of the range...
On the hourly this is the third time it's attempted to break above 155
Options open interest is centered around the 150 level
Like to see JPM back towards the support level
Could see a scenario where rates cool off...banks pull back and tech catches a bid...little rotation action maybe in the cards
Funny to watch both banks and big tech suck-up so hard to those in political power
XLF shooting star top of channel $BAC $WFC $CIT $JPM $XLFtop of channel / ABC or WXY complete from march lows after triangle breakout in late oct/early november. shooting star weekly. please post and correct me but zooming out i think its 5-3-5 ABC for W (2009 low to jan 2018) into an X wave and now completed X within WXY of the X macro..startin Y down to finish macro X.
August 20 $23P on $BAC for me but this thing might take longer than I expect considering W (within macro X of WXY from 09 low) went from jan 2018 - march 2020
Finance sector industry getting momentum!Stocks usually moves in clusters, and it is obvious that finance sector becomes hot since last week.
If you check the last week performance of the companies over 100 Billion market cap, soon you will notice 5 out of the first 10 best performance belongs to Finance sector. Interestingly, Wells Fargo ( check my WFC analysis published on Feb 16th) was the best performer and the only one with double digit return in a week among 88 companies with over 100 billion market cap..!
This types of analysis and results can help you differentiate a true analyst from crooked pumpers..!
Moshkelgosha