Will JPM higher after earnings ?JPM is in an uptrend since earnings the morning of July 14th at the end of the
trading week. On the 1H chart with VWAP band lines anchored to a week before
earnings as a dynamic support and resistance reference shows a rise from below
the first standard deviation above the mean VWAP to above it with a pullback
after the earnings and then a continuation at the depth of the pullback today
July 17th.
The two-time frame RSI indicator shows the lower TF blue line moving lower
despite the uptrend today. This is suggestive of bearish divergence.
The zero-lag MACD shows a cross of the lines above the histogram suggesting
a reversal as does the green to red and positive to negative on the histogram.
As a result, I will watch JPM for reversal and a put option or short sell stock
trade.
