JPM trade ideas
JPM 1H volumed spring of 1/2 correctionDaily chart signal
Trend trade 2IBK
+ long balance
+ support level
+ volumed ICE
+ volumed 2Sp + test
+ 1/2 correction
+ bullish bar closed entry
Hourly chart formation
Trend trade 2IBK
+ long balance
+ support level
- low volume expanding ICE level
+ 1/2 correction
+ volumed Sp + weakness test
+ after bullish bar close same level entry
Calculated affordable stop
1 to 2 target
JPM JPMorgan Chase & Co. Options Ahead Of EarningsIf you haven`t sold JPM here:
Then looking at the JPM JPMorgan Chase & Co. options chain ahead of earnings , I would buy the FWB:124 strike price Puts with
2023-4-14 expiration date for about
$1.35 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
JP Morgan HnS Dragon with Bearish ConvergenceJPM after Bearishly Engulfing on the Monthly has formed a bit of a Head and Shoulders pattern while at the sametime forming a Bearish Dragon with some MACD Bearish Convergence as the RSI enters the Bearish Control Zone if price continues to do what it's doing i could see JPM making a full 0.886 Retrace.
JP Morgan mostly unaffected from the banking turmoil of early MaJP Morgan Chase & Co (symbol ‘JPM’) share price has been making consecutive gains in the beginning of the year with a correction taking place in early March where the failure of banks in the US shocked the markets . The company is expected to report its earnings for the fiscal quarter ending March 2023 on Friday 14th of April. The consensus EPS for the quarter is $3,43 compared to the result for the same quarter last year of $2,63.
‘JP Morgan took a light hit through the turmoil in the banking industry mainly because of its big size, too big to fail. With a dividend yield of over 3% and with a strong balance sheet, the company is an attractive addition to investors portfolio.’ said Antreas Themistokleous at Exness.
From the technical analysis perspective the price found support on the 38.2% of the daily Fibonacci retracement level after incurring losses in early March when news about bank failures hit mainstream media. The Bollinger bands are shrinking indicating the volatility is slowing down while the 50 day moving average is still trading above the 100 day moving average indicating the bullish momentum might still be valid.
In any case the levels of $134 and $123 consist of technical support and resistance areas since they are the 23.6% and 50% of the daily Fibonacci retracement levels respectively.
schnoz wranglerMy artistic depiction on what happens on the 47th floor of the jp morgan head quarters in nyc. at the end of the day im just a goy so only the chosen ones really know
JPM jp morganRetest wedge resistance close gap
Stop loss 129
Less job openings means more likely a recession..
JP Morgan Priced in SilverPriced in silver, JP Morgan is ready to collapse.
Silver set to out perform.
Be ready.
#silver #jpmorgan
1970s repeat
425$ target
2000s repeat
141$ target
JP Morgan locally correcting. JPMBounce off a local resistance, which I did not show, sinking in the phase of a possible B Wave. Very short term out look of a ~5% drop in stock price or more. ATR (moving) for Stop.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Banking Sector: Part 2: JPMLast week we looked at the banks through the lens of relative strength ratios and the yield curve, concluded that all banks were weak, that regional banks are much weaker than the money center banks, and that banks at the index level had underperformed the SPX since the early 2000s. Prior to the events of the last few weeks, I believed that a significant credit contraction was already unfolding. Recent events have solidified that view. In my view we are early in a banking crisis, that will be centered in regional banking. I expect significant distress but have mixed feelings as to how this Fed will react.
The four largest US banks have 9.1 trillion in assets representing roughly 40% of all banking assets. All four are considered systemically important banks and can be considered the sector generals. This week we focus on JP Morgan.
JPM Monthly:
Much stronger volume in comparison to the recent past after breaking down from strong resistance suggests that the corrective behavior from the October 2022 (101) low to the most recent high is complete. The low volume on the rally coupled with the expansion of volume and a show of weakness suggests that a significant decline is likely unfolding. MACD oscillator failed to generate a buy signal and has turned lower again (see the notes in the triple screen paragraph).
Uptrend support at 104 is minor, I will be surprised if it is strong enough to contain the high volume thrust that is unfolding.
Lateral support at 101 and again at 77 are prime areas to monitor for bullish behaviors.
The 50% retracement of the entire bull market falls in the 88.00 area.
The potential for a head and shoulder top is very apparent in this perspective.
JPM Weekly:
Weekly: Making a high-volume show of weakness after testing the internal 141 resistance zone. The high volume coupled with recent closes near the lows of the weekly price spreads strongly suggests follow through.
The weekly MACD oscillator has rejoined the monthly oscillator (see triple screen below) on a sell signal.
First meaningful chart support cluster in the 101 zone (roughly 17% lower). The support confluence begins at roughly 106 and ends at roughly 95.00 with the lateral support from last Septembers lows (101) being by far the most consequential.
A significant violation of the 101 zone would strongly suggest that a systemic event was unfolding. A breakout would likely target the next major lateral support in the 77 zone.
Triple Screen:
JPM Triple Screen: Poor MACD momentum across all time perspectives. All perspectives are on sell signals. Note the fresh turn lower in the weekly. The monthly is interesting in that the faster average moved back (hooked higher) to test the slower average and then failed. I generally consider this a failed test (in momentum terms). The failed test makes the weekly sell signal more compelling. Note that the daily is a bit oversold, but with monthly and weekly turning over it isn't a major warning.
Fibonacci:
There are three relationships that interest me.
The first is the retracement of the entire bull market. The first leg lower found support in the 38% retracement zone. The 50% comes in around 87.00 and finally the 61.8% in the 67.85 zone.
The second is the retracement of the last bull thrust from 77.00 - 173.00.
The third is the Fibonacci extension of the 2021 high, to the most recent support and then extended from the last high. Equality (1) @ 107.00, 43.00 and 26.00.
Conclusion: Price action is extremely poor. Next zone to monitor for bullish behavior is around 101, but I suspect that much lower is likely. The caveat clearly is the Federal Reserve. If they decide conditions are dire and pivot to cutting rates and ending QT, this could change rapidly. Monitor credit spreads for distress. In the meantime, I will favor strategies that allow me to sell into hourly and daily perspective strength.
And finally, many of the topics and techniques discussed in this post are part of the CMT Associations Chartered Market Technician’s curriculum.
Good Trading:
Stewart Taylor, CMT
Chartered Market Technician
Taylor Financial Communications
Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
Monthly Head and Shoulders forming? Not Good In my opinion, monthly head and shoulders forming here. Long term outlook looks bearish and could see at bottom $60 to $80 share price.
JP Morgan looking for a bounce?Looking at the daily RSI bull div, it seems like JP Morgan might have a small bounce coming ~30 days. Looking at the probability based off of the past daily bull divs.
It could be that the market overreacted to banks collapsing and assuming the same would occur for JP Morgan, which could result in an appreciation soon.
A long worth taking with a tight stop loss, seeing as when these daily bull divs work out they barely see any downside after being indicated.
If short, worth taking caution. Seeing as the price is also already ~15% from the previous high. Though we must also keep in mind that a rising interest rate environment is not good for banks, and Jerome Powell is prioritizing bringing inflation down, meaning he is likely to keep hiking rates.
Share your thoughts below :)
When JP Morgan breaking down versus gold...JP Morgan VERY CLOSE to breakdown priced in GOLD.
SILVER enters BULL ERA when this happens.
#inflation #xauusd #jpm #gold #silver #xagusd
Will tomorrow be the day $JPM drops to $71? I think it could >It sounds a little nuts, I know. But hear me out. We clearly have a double touch on the upper channel line on the 12 month- clear rejection. The 9 MA on the yearly looks awful too. General weakness, there and within the stoch rsi and mac d. The 3 month also looks awful. Let's hone in though on the 9 MA and 20 MA on the chart though- they're clearly about to fall through them. Oh, not to mention, the major obvious head & shoulders pattern. Everything looks horrible. Almost makes me wonder if the speech wasn't "awful" news today because tomorrow is the real drop, when everyone thinks the worst is out of the way... who knows? I just call the technical analysis like I see it. And based on the daily time frame anyway, I don't see anywhere else that JPM could LOGICALLY retrace to... so why would it? Time to drop :)
JP Morgan Priced in GoldIs JP Morgan a BIG BANK?
Priced in #Gold, it is VERY CLOSE to a full MELTDOWN.
#BankingCrisis #Bankrun #BankingCrisis #Banking
JPM: Buy ideaBuy idea on JPM as you see on the chart because we have the breakout with force the vwap and resistance line by a big green candle with a large green volume.Thanks!
Banks crisisWith everything that's happening in the financial sector, and speculations about a recession. Just like previous prediction on Citigroup share price, JP Morgan is setup for a short after breaking below the major support and turning it into major resistance. I'm for share price to drop to the next major support @117.29
Reversal DojiJPM can finally, maybe, have a pump back up to the $130s.
looking for break of the descending resistance.
JPM LongIf JPM can hold the 200 day moving average after FOMC this week, it is worth a shot long vs the 200 day. Keep the stop tight.
$JPM making me look bad!$JPM fell through that OG demand zone I had so now ofc it is a supply zone and resistance. If you look further back though we can make that new supply zone seen above.
We are at the 200-day moving average as well so good support there.
Again, that trendline I have is to be taken with a grain of salt. I think it is still being found and will be viable in the future.
I think the RR for $JPM is better from a fundamental standpoint than a price action one.
RectanglesPrice is hanging on the support line of the larger rectangle.
There is a smaller and larger rectangle in this chart.
It is hanging on, barely for now
Price is above the 50% retracement.
Earnings 4-14. I did not calculate upside targets but if this makes a miraculous recovery I will re-evaluate.
No recommendation
JPM short - megaphone pattern - target 118-120Financials are struggling a bit here for obvious reasons. I see a megaphone pattern appearing with likely target around 118-120 within a few weeks. A larger megaphone pattern also appearing with much lower target. Not sure if that will play out though. Best of luck to all.
