CMC trade ideas
JPMorgan Holds the 50-day as Curve SteepensTechnology stocks have undeniably led the market for several months. However the banks are showing signs of strength.
JPMorgan Chase has been quietly making higher lows along its 50-day and 100-day simple moving averages (SMAs). That suggests its intermediate-term trend is at least neutral, and possibly nearing a bullish state.
In and of itself, the chart is still inconclusive. But another chart, 30-year Treasury Yields , could add a fundamental reason to consider the banks. As we highlighted on August 10, bond prices were slamming into resistance as the economy showed signs of rebounding from coronavirus. (That pushes yields higher.) Jerome Powell’s new commitment to hotter inflation might also keep upward pressure on long-term rates.
The result could be a push/pull from the Fed. Inflation pushes long rates higher as the FOMC's target range pulls short rates lower.
That’s potentially a positive environment for banks like JPM that profit from a steeper yield curve. It could also get a cyclical boost if the economy continues to recover. (The second item on Powell’s agenda was a recovery in the job market.)
JPM 131JPM 131
Current Price: 99.09$
Price target: 131.17$
% Increase: 32.3%
Timeframe: October 13
Confidence Level: Very High
JPM Bullish sentiment coming Waiting for October may be the best scenario to have some #JPM stocks
As it recovers from the Corona sentiment
$JPM Signs of Life In JP Morgan
Potential long above the 12ma, @$100.
Levels to consider for resistance
$101.25 - Fibonacci resistance
$105.00 - Historical pivot point resistance a close
above would bring continuation.
RSI and Stochastic Bullish and Bottomed
daily analysis JPMORGAN CHASE & CO Hi friends
the daily chart of this market shows that it will experience a downtrend in the next few days with a very high probability but also at the same time it is better to be careful of the change of direction towards the opposite
please subscribe to receive new analyzes
JPMorgan Chase & Co ( JPM ) - sell set up JPMorgan Chase & Co ( JPM ) is in WXY double zigzag correction, where Y wave is in progress as ABC. A wave was already finished. B wave will be correct up to 100-103 zone, so sell it within that zone for C wave down of Y wave with invalidation level of 106.05. the Y wave probably will go below 90 or even lower.
Elliot Wave Model for JPMThere are a lot of different models for this, and It's hard to determine, but some of the models I have seen have the first wave forming at the first high after the covid sell-off (96.55), but I consider that cluster part of market chaos/confusion and consolidation and therefore part of the formation of wave 1, which saw a high 103.47, wave two was a relatively short pull-back from mid April to mid-May followed by wave 3 that reached nearly 115 high. I believe we have been in a long drawn out pull-back since, wave 2 was relatively short and concise, and as such, it makes sense that wave 3 has been longer and meandering (and utterly frustrating), as this is typically the case with waves 2 and 4 (when one is long the other is short or vice versa). At this juncture we may be heading into the beginning of wave 5, where we will break the pre-covid highs in the region of 125, after which we will begin a new cycle.
Enjoy, thoughts please.
JPM 130jpm needs 1 more red day to bounce off the support line then we can breakout around 104 and go higher
Fractal, where art thou fractal? JPMDown to 97 (thereabouts) a gap up to 103…then 105….upward to 110 (ish), back down to 106 (ish) and a decent to 112-115…all in the next two-three weeks.
That’s all folks. It’s all in the starts…err…ummm, it’s all in the triangles…the fractals the waves…what have you, but it is there!! All the banks will follow a similar galactic trajectory---and by “galactic” I mean a little push withing the stratosphere, but hey, up is up…until it comes down.
JP Morgan ChaseAs we know, JPM's charts are not the most pretty, sans clean lines like might see in...oh let's see....APPLE. They are a bit bi-polar, so, if the shoe fits...enjoy my equally bi-polar analysis of the coming weeks.
JPM potential short term gainsSupport lines increasing in price, the potential for some short term gains to around the $111-$112 mark. Buy in @ $100
$JPM $112 Target for JP Morgan Short term
Stock has managed to cross the much hated $105 level pre-market,
lets see if it can stay there and possibly set up a move to the 200ma @ $112.
Yesterdays rally was cut short buy the late day selloff.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
$JPM is now the time for the breakout?We seen a pretty powerful move in $JPM forming what looks to be a bull flag, can this pattern continue and breakout to the upside? I believe so with the possibilities of stimulus or vaccine news.
ABC BullishStop under 90.75
Hypothetical Targets 2 are 133 to 144.5. Targtes one may be met, but stock would often become overbought causing a possible pull back before Targets 2 may be met. The market changes and nothing is written in stone
Not a recommendation
Good luck!
JPM opportunityHey everyone,
I think JPM starts it's wave 3 atm. You can wait for 101,50$ ( a new high) or you dive right into it just now. You should set a stop at 95,80$!
Much fun with that trade!
Leave a follow :)
JPM 115posted a chart like this previously. Looks like a bull flag. Held well above 95. looking for that 100 break and then free run to the next resistance. Alerts are set. Banks are never going to fail so.... :)
long calls though
