JPM
JPM - Inverted H and S on monthly, Weekly quad topEarnings July 16 before open, 9000 7/26 $116 calls bought last week and still in OI. Inverted H and S on monthly, Weekly quad top. Stockcharts july seasonality for jpm and banks are 100%
Double Top and profit taking XLF has reached to the final target zone of a bullish setup (posted in my Facebook page)
Now, with a double and a resistance zone, we can see some pullback (or even a strong bearish wave).
This can be a warning signal for stocks...
SPX also struggles to close in new records highs territory - Back below 2960 and generates a potential false break and a potential daily Pinbar (still a couple of hours to the daily close)
Warning Warning Warning - Trump and Powel in need for the rescue
Possible JPM SHORT... (maybe?)There may be a potential sell to ride the next wave down for JPM; seems like a double three pattern may be happening at the moment. Currently, it will (probably) undergo its Wave C of Wave Y (I'm not sure, just speculating). A bit tricky on where it would end; i) could potentially push price towards its previous low or lower (around 92.00); or ii) fall short and make a triangle pattern. Just have to wait and see. Price has also broken its higher lows, and has been currently testing its breakout.
P/S: still learning, but its worth to take look at this pattern. I could be all wrong. ;)
Down to 107 (Fibo line) and bounce back laterDown to 107 (Fibo line) and bounce back later to 117 (upper Fibo line)
60% probability. Else: do not go down to 107 and flies straight to 117.
Goldman Sachs - Will follow the JPM path? - 01Goldman Sachs - Will follow the JPM path?
Comparison between GS and JPM
Banks crash into potential supportXLF is down 3% today following China's Tariffs.
The ETF is now testing a potential support zone that includes several trend lines and the 200 days SMA line.
$JPM bullish pennant in play$JPM broke out of his bullish pennant and it setting the numbers higher. New ATH incoming?
JPMORGAN CHASE (JPM)(NYSE) Sell $113.73 >>> Target $106.74NYSE:JPM
JPMORGAN CHASE & CO
Stock - NYSE (USA)
Profit:Risk = 2.24:1
---
Sell = $113.73
Take Profit = $106.74
Stop Loss = $116.85
------
Take Profit = +6.15%
Stop Loss = -2.74%
Long to 7K dont fear the ParabolaBitcoin is exciting for 2019 to summer - CME numbers & fractals are all we need don't ask the poop cannon & sheep, ask the Shadow Army & Kaz
JPM inside day after earnings! It's earning season again!
There will be plenty of inside day after earnings trades and this one will be the beginning!
Basically I would only want to take the breakout long in these mega banks,
even if it breaks to the downside,I'll also pay attention to the 106.25 demand zone long!
Let's see how it goes!
JP Morgan hits record $29.9 billion revenueFor those of you looking for "The Alchemy of Finance - George Soros" you can find it here: epdf.tips
JPMorgan: All signs point to impending melt-up in stocksJPMorgan (JPM) reported record earnings last week with strength across all major lines of businesses amid a “more constructive environment”. The stock jumped 4.2%, the biggest one day move since Nov 2016. With a close above the weekly Ichimoku cloud within reach, all signs point to an impending melt-up in stocks.
C: Pre-earnings run pattern ahead of Monday reportCitigroup has a pre earnings run pattern which tends to be caused by Pro Traders setting up to take advantage of the earnings reaction. The company will report its 1st quarter earnings on Monday. C had a reactionary gap up at open caused by the JPM gap today. It formed an indecision day candle rapidly. The early gap could interfere with the technical patterns for the report release day.
$JPM - double top, going downJPM had a nice run but it's come to an end. I want to short financials....
GoldmanSachs Breaks Out With Other Financials $GSGood Morning,
I held some $210 and $230 call options overnight. Looks like we're about to head up toward at least the $216 area if not higher. Earnings are reported Monday morning prior to the bell.
Goldman Sachs Earnings Pop? Hey guys, quick disclaimer; I am a novice technician but I'm here to learn!
I'm playing some $210 call options for Goldman Sachs earnings.
Goldman to me, has more upside potential in the financials vs. JPM or BAC. And with the onslaught of IPOs it should be a forgone conclusion their revenue/earnings should be boosted in that environment. The SPY appears to want to make another attempt at all time highs so I've shifted my view to GS for a catchup trade with GS.
Feel free to give me your thoughts on the trade or the chart analysis.
Thanks!
-R
JP Morgan: Uber IPO set for Thursday? Will JPM rob the bank? LYFT threaten to sue JPM over short-selling, yes, a company that loses money and sold for $25bn!
JPM: Dark Pool rotation against buybacks ahead of earningsJPM kicks off the official earnings season this week with a report due out Friday. All attention will be drawn to these early banking industry reports that will set the tone for the entire 1st quarter earnings season. The stock has had buyback activity recently while some Dark Pools lowered their holdings. The chart shows patterns of Dark Pool rotation.
JPM SELL (JP MORGAN)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action for sell.
Warning signal for U.S stocks? Pay close attention to XLF today (FOMC) - Although it is currently testing support there's an option for a false break signal here.
If XLF won't close in green today after Powell's message, this can be a trigger for another short term wave (and potentially even a strong one) in U.S stock markets.
