CMC trade ideas
JPM---Back to 104 at a "BEAR" MinimumIt does not matter how you look at it; even if you believe it won't break-out from the neck-line--which also happens to be the breakout point from triangle that has been forming for months--even if you don't buy that, at a bear minimum the right shoulder formation will complete and it's back to 104 in a lick.
In my opinion, this is about as clear cut as it gets for a pullback of this kind....Big money geared up to buy into value. GOOD LUCK!
JPM 11-02-2020JPM is in a gap up after three days balance, eventhough, Friday´s structure is poor, for that reason if we have an opening drive go with the trend above 98,42 and the odds to fill the gap (99,16) are huge , if we get in previous range again at the open i am expecting 96,23 will be repaired
JPmorgan chase path and directionHello everyone
This is my Jpmorgan idea for Weekly time frame
watch key notes for more detail on chart
for any question feel free to ask :) good luck
JPM - Elliottwave analysis - Bear caseJPM - It is in complex WXY correction, where last drop was wave A of Y of (Y) wave down. It started B wave correction up, which might end near 100 level and thenafter expected to reverse down in C of Y wave down, which might go below 91 level.
Give thumbs up if you really like the trade idea.
JPM TAJPM is trading in a channel currently. It’s also broke out from a recent “bull flag” within the channel. It’s currently sitting in a major resistance zone which is also signaled by the pivot points. Due to all of this, I believe we will see a bullish push on the continuation
JPM Intraday trade idea 10-23-20JPM is breaking a 3 days balance to the upside for that reason we are looking the pullback low (102,59) to take longs, the other place to take longs is 101,78
$JPM JP Morgan Long Above 200MA
Clear market rotation is taking place from growth to value.
European banks are surging today so lets see can its American counterparts
continue higher Friday.
JMP sits just below the 200ma, a break above could bring a nice rally.
$105 is a critical pivot level to break, opening up a rally to $115
JPM - SUPPORT / RESISTANCE - BUY OR SELL 10/20 AM?JPM has formed solid support and resistance within the same levels as experienced in late August through mid-September. As the chart states, if the price breaks below the 99.70 support line then it is likely the price will retrace to former, lower support. If the price stays above the line then its possible that it will retest 102.60.
Or nothing could happen...
JPM posting better than expected earnings$JPM 's better than expected earnings failed to push for a positive outlook, with the PEAD cone projecting a neutral outlook with price currently trading closer to the lower boundaries.
The chart doesn't lie, Bullish Flag breakout for JPM? JPM is noticeably breaking the downward blue sloping resistance of a possible bullish flag, notice on the RSI we have already seen a breakout of the pattern and a re-test of old resistance turning into new support, very bullish.
Not a big fan of JP Morgan, only for bashing Bitcoin, other than that, they have the FED in their back pocket, DON'T FIGHT THE FED, FFS!
Or, did the FED bypass banks with a digital USD?
Time will tell, but the chart is bullish, stonks only go up!
JPMorgan: Good report, indicators say the opposite.Despite the excellent earnings report released yesterday that showed the company hit the forecasts, our indicators, based on technical analysis only tell us that the stock in its the way down.
According to the MACD, we should see a sharp drop by the end of the week also, the RSI doesn't say differently.
The bottom line is the same: For the long run JPMorgan is certainly a-must stock in every portfolio but, it can be a bad entry point.
Trade safe
jpmjp reported and more is coming and we got closer to regain some traction here hopefully. but if you look at $FAS and $XLF (ETF's) which is a good indicators to watch these individual along with the etf. Inside here will it dump and gain momentum or retake the june's high
JPM Pennant Pattern$JPM returned from its descending resistance. Resistance should be confirmed in following weeks. Overall perspective reflects a pennant pattern. If it breaks ascending support line, next target can be 35.5. Next support test can be in a month.
JPMORGAN CHASE & CO Opportunity DailyHey my friends, JPMORGAN CHASE & CO is in a bullish momentum with hammer bull candle and stable buy volume executed. On the TIMEFRAME 1Min we see a bearish collapse which starts at its last low point and turns to go up. So this JPMORGAN CHASE & CO situation is going to its next high if the buyers are still there, we can arrive on the next high. But before a big resistance to pass for the moment, no buying power to go on this one.
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017. PIGGISH PLAY - Short JPMorgan Chase (JPM)It is no secret that the Banking Sector is getting killed these days. Rightfully so.
With USD being printed at a pace that refutes the phrase "Money Doesn't Grow on Trees" and recent liquidity/lending regulations being imposed, it is difficult to see any sort of banking institution thriving at the present moment. Simply put, banks are now required to hold vast reserves of USD that is continuously depreciating in value, while also trying to conduct business in a (nearly) interest-free environment. To be honest, it is a pretty unfair situation and I offer my sympathies.
Yet, I will contribute towards shorting them into nothingness because that is what the market wants.
Onto the Pig Play:
The chart clearly demonstrates that JPM's historical quarterly earnings have little to no correlation with near-term price movement. This is good because it is the main reason why the premiums on near-term put options are priced at such a bargain. Bottom-line-performance and derivative pricing aside, this upcoming report is monumentally important for the entire broader economy, and all eyes will be fixated on the guidance offered on Tuesday morning. I'd even say that JPM's guidance is more meaningful than that of the FED because it is perceived as a more honest take on the economy.
To this end, JPM has reiterated bearish guidance during both of their prior 2020 quarterly conference calls.
I am speculating two things to occur on Tuesday; both of which serve as an impetus for this short setup:
1) JPM will miss their projected revs/earnings harder than they ever have for the reasoning outlined in the second paragraph
2) JPM will offer its most bearish guidance to a) justify its horrendous numbers, b) because the economy is not improving much, and c) because everyone expected the economy to be improved much
Technical impetus derives from the clearly bearish channel that emerged from the initial impulse wave down in February, the near-perfect bearish harmonic that will likely complete its "D" on Monday (if the market finishes its expected final leg up before the mighty selloff), and the decreasing highs of what seems to be a fading triple top on the daily timeframe.
Plan for Monday:
1) Accumulate puts toward the end of the morning session with a strike range between 96 - 99 and an expiration range of 10/23 - 10/30
2) For this play, I will have two separate positions for a more aggressive short term play (i.e. 96 Strike, 10/23) and a more conservative play (99, 10/30)
3) The majority of my position will be weighted towards the conservative play because of my general outlook that the market will crash and continue steeply downward for at least a few weeks thereafter
4) For those who want a decent hedge, buying 10/23 BlackRock calls might be a good idea. If JPM somehow beats strongly and issues bullish guidance (>1% chance, IMO), then having a similar, but better, company's calls that are set to report later in the week will inevitably catch a big bid.
Last thing - it might just be that Tuesday's guidance will be the straw that breaks the market camel's back and augments the crash setup. I suspect that the driving reason for the lack of market selloff (from institutions) so far is this scheduled report. In any case, if this does "cause" the broad selloff, then having a short position beforehand is like having your cake, ordering another cake, and eating both of them simultaneously.
Good luck and crush this play.
- Bank Piggy
NYSE:JPM
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JPM LOTS of resistance aboveJPM seems to be on the rise but its got a lot of resistance to break to the upside. Considering how weak the banking sector has been compared to other sectors. im guessing we will not break resistance. But lets wait and see.
JPM - on weekly watch list for post-earnings tradeAfter the Feb-Mar drop in price, this stock has been in a rising consolidation since. Price recently broke red dashed support line and has come up near it.
After earnings, price can easily move $10 in either direction. One caution though, buyers could also come in on a price drop since this earnings may be weak but there is expectation for bank stocks to rise with inflation.
jpm can go either way hereall banks seem range bound in general. a lot of better options in my opinion, I wouldn't touch this unless it broke out :) goodluck
