$JPM: SHORT SETUPI do appreciate all views be it a like or comment, and if you subscribe to this analysis, you will receive all of our real-time update! Thanks!
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JPM
(LIVE TEST) - STEVE PRIMO #8 SETUPS (Day 2)Day 2 - Seems like an important day for these stocks.
Most stocks here are wound in a some sort of patterns.. This Strategy #8 trigger today can take signal a technical breakout. Watch out for the market...
SPY Lagging behind QQQ lagging behind IWM.
- Nimble and selective are the words i want to remind again.
SHort JPM Already broke trendline support of 58.28 - weekly breakdown
Will this go down like Crude or Euro or RUB ...Don't Know but watchout something is going on here.
SL At 65
JP Morgan Chase & Co Weekly (22/2014) Chart Technical AnalysisThe JP Morgan (JPM) weekly chart shows the following signs:
JPM from the price of $31.77 has completed a long phase until the $60 an now it makes some consolidations between $53 & $60. As you can see on the diagram it corrected until it reached the top of KUMO from where it reacted upwards. A critical day is 17.05.2014 that the company will anounce the earnings until 6/2014 and that will define the next trend
Technicaly, RSI is neutral and MACD signal line is trying to turn upwards. So my suggestion is wait and see except if the price get out of the consolidation channel.
