JPM Wave B top see fractal 1986 to 1990 The chart posted is the first part of what I see as a Fractal Design back in 1986 to 1990 Recession I will post that as well
4JPM trade ideas
JP Morgan Bank will have a big crashJB Morgan Bank will collapse we are already at the beginning of a financial global crisis and it will be affect even on stock prices and we may see stocks fall by 90-95% of current prices. The gold is the only one safest in this next collapse. Even Bitcoin will not survive this collapse and will be pricely affected significantly and can see it on 1k or lower, so be careful and prepare new liquidity to enter
JPM good RR level$JPM around $127, $128 is a good longer term support level.
way back when it bounced to $144 afterwards. Bigger banks getting more deposits after midsize bank collapses
Mid size banks will be scrutinized harder so the bigger banks will have an advantage on the playing field
Cramer recommended it so I don’t really like it but I think I’m buying the dip he caused lmao. manage risk
JPM: Sell ideaOn JPM as you see on the chart we have the breakout with force the vwap indicator and the support line by a big red candle so it's mean that we will have a big proobability to have a downtrend.Thanks!
J.P Morgan Chase Bank - Is this the next bank to fail ? Massive Head and Shoulders pattern formed on weekly plus MACD.
Short Term JPM We have a clear Downtrend on JPM, just be carefull with the recisstance. Try to manage your SL with 600 pips on it.
BearishAnalyzed using VCP pattern. The market sentiment is bearish with and currently is in a downtrend. The indicators support this evidence. The increasing volume suggests that sellers are in the market.
Support is anticipated around 130'ish. I'm looking to see how price will behave around this area. Alternatively, if the trade moves against me I will be looking to get out a little after the peak of the previous pivot point.
Sidenote: This was analyzed on a 15m chart, though I mistakenly submitted on the 1H chart. 5m, 15m, 30m, 1H, and D charts were all used.
💾 JP Morgan Chase & Co. Worst Since 2008 | Major CrashAfter seeing what happened to SVB Financial Group and Silvergate Bank, I decided to do a little digging and see how the banks stocks are doing.
I looked up the biggest bank in the USA and got a list of the TOP15.
I can publish only 10 charts per day, so I will focus on the TOP10.
This time we will have a bank session... Call it a "Bank Holiday" .
Grab your popcorns... Sit back, relax and enjoy.
The bankers are about to pay themselves hundreds of millions of dollars in bonuses as the entire financial system they run burns.
Let's get started!
The top bank in the USA is JP Morgan Chase & Co. (JPM).
Here is the weekly chart:
Spoiler alert: Since 2020 this chart is the same as Bitcoin, the SPX, and the rest, the exact same, the only difference is that Bitcoin is more advanced in the cycle. It peaked first and it also bottomed first.
On the weekly chart above we can spot the following details:
✔️ This week is the worst in a long time.
✔️ Highest bear volume this week since February 2022.
✔️ JPM closed below EMA10 and EMA21.
✔️ Bearish cross on the MACD and the RSI jumping off a cliff.
These same points will repeat across all the other charts as all the markets are very similar and follow the same patterns.
On the monthly chart, which is the main chart on this trade idea, we have the following bearish signals:
✔️ Major lower high. Feb. 2023 vs oct. 2021.
✔️ Bearish MACD.
✔️ RSI trending lower for more than a year, ready to crash.
Will the FED save the market with their printing machine?
Remember they were doing everything possible to crash everything, maybe they won't be so eager to nullify everything they've done so far... Or maybe they will..
The chart is bearish.
Just as we saw with the SPX, DJI and NDX, JPM is pointing to the biggest crash since 2008.
Namaste.
R.I.P. JPMWith the recent news of SIVB's collapse, there is now fear in the market towards banks. JPM showed very impulsive rejection at a previous weekly/monthly area of support which is now acting as resistance. Could be a great opportunity for puts with expos a month out.
JP MORGAN CHASE Stock Chart Fibonacci Analysis 031123 1) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 131/61.80%
JPM, Completion of 32 YEARS Bull Run?Is 9 months correction enough for completion of 32 years bull run ?
Started at 3.21 on 1990 and ended at ATH , JPM most probably has completed an impulsive section of a large degree wave cycle and currently is in first leg of 3 legs ABC form of correction.
As shown on the chart by green horizontal lines, JPM has so far retraced back around 0.382 of whole impulsive section which is acceptable but not typical for correction of bull run of this size. More typical Retracements are 0.618 Golden Ratio and 0.786 levels which suggest 68 or even 39.5 USD for JPM bottom !!. For now, I give more chance to 0.618 level (68 USD) which coincides with strong static support related to top of wave (1).
Timing is most difficult and of course least accurate task in charting and technical analysis however, we can extract some clues from chart:
First : So far , we had 9 months of correction which I suppose is not enough at all for 32 years bull run.
Second: if we use time Fibonacci for 32 years impulsive section and consider lowest Fibonacci level which is 0.236 , we reach to 7.5 years !!. Therefore, correction MAY last for some years.
Third: labeled wave (2) (intermediate degree ) correction lasted for 9 years from 2000 to 2009. If our suggested wave count becomes true, we are now in larger degree wave 2 (primary degree) which supports our expectation about multi years correction.
Please note dotted red arrow on the chart is more optimistic than 7.5 years correction related to 0.236 Fibonacci level.
Our wave count confirmation condition is a trade below what is labeled as wave (4) . This means there is one bullish case scenario which suggest the decline from ATH to be just the correction of what has been labeled as wave (5). In this case, our suggested wave count needs a major update.
Some important and educational notes:
1. Chart is very similar to NASDAQ. This remind us importance of index analysis.
2. Wave (2) retraced 0.786 of wave (1) a typical one. wave (4) retraced back 0.5 of wave (3) , another typical one.
3. Elliott waves alternation guideline is beautifully observable on the chart : Wave (2) is broad and long lasting wave (9 years) while wave (4) is a sharp one ( just 3 months).
To warp up, If we are a day or swing trader we can use the benefit of lots of ups and downs in the rout of the chart by choosing strong and efficient strategy (Please keep in mind that chart is on monthly time frame). But if we are a long term investor, we need some strong bullish signs and events in the stock and whole market to start investing in JPM, something much more stronger than just one day bounce back or a daily bullish candle.
Hope this analysis and explanations to be useful and wish you all the best.
JPM 1-2 years chartA very probable scenario for JP Morgan stock due to the upcoming recession and economic uncertainty!
JPM is over, sell signalAs I mentioned in the last report, JPM is a weak stock, and the trajectory is against bulls. This rising wedge will break on the downside, and the stock will quickly fall toward 125 and the significant resistance level AKA BigRed. There is just not enough energy and buyers to keep this stock so high. It's game over for now. I'll give it a sell signal even though the break has not occurred, meaning entering with 50% of the position before the break happens.
The RSI has negative divergences, which is bearish.
The MACD is starting to tick lower, and with the breaking out of the pattern, it will get a big red nasty tick.
Overall, there is not much to add to the last report. The only difference now is that the stock is even weaker as it wasn't able to reach the resistance line. This almost guarantees a drop in front of us. Prepare for a short position and enjoy trading with us.
JPM Long (risky)J.P. Morgan holds its 50 MA which means we could see some uptrend and bullish movements on this underlying. as soon as JPM could hold its MA until Tuesday I guess new high could be tested early March.
JPMORGAN (JPM)Consolidating here under 144 since Jan...
Range trading between 140-144..
Has trendline support that lines up with
Daily 50sma...
If we breakover 144, the next target is 150... if it falls below it's 50ma we're headed towards 128
Biggest stock on XLF and also the biggest bank.
Top of the hill for JPM, for nowFor the first time in over a week JPM, D chart has closed above the 9SMA, but this comes at the cost of being in range of the three previous swing highs. With the 1H showing a negative cross at the end of the day and the 4H hitting the 9 count, JPM's recovery run may be coming to an end for now.
NYSE:JPM
$JPM: Uptrend signal in the weekly$JPM has a very nice and tight reward to risk setup. Upside is substantial, and considering the recent turn of events logical. We likely see some rotation from growth to value next, and financials are looking like a beneficiary of the latest econ data prints.
Best of luck!
Cheers,
Ivan Labrie.
Bye Bye JP MorganSad to say that my employer's stock will cut in half.
Rising wedge forming at the right shoulder of JPM.
Coincidentally, this is where the .618 retracement lies as well.
JPM primary trend remains bullish.JPMorgan Chase - 30d expiry - We look to Buy at 136.22 (stop at 132.88)
The primary trend remains bullish.
The stock is currently outperforming in its sector.
50 1day EMA is at 136.07.
The sequence for trading is higher highs and lows.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
We look for a temporary move lower.
Our profit targets will be 144.92 and 146.92
Resistance: 144.34 / 148.00 / 155.00
Support: 139.87 / 138.00 / 135.00
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JPM's daily is close to a selling signalJPM is in a rising wedge which if broken is very bearish. Blue dotted lines represent ex-trend lines and I put them here so you can see how the trajectory of rising is slower and slower (weaker and weaker) and eventually will reverse completely and will start falling. At this stage, JPM is ready for topping or is already done and is prepared for the major drop from here, especially if and when breaks out of that bearish pattern. Also the fact it manages to test the support line but can't bounce to the resistance line is more bearish than bullish.
Volume in the last 10 days does not confirm price action as it is lower than 20 days average volume.
However, the price is above all major MA which is bullish.
RSI had several months of bearish negative divergences while in the last few weeks, those divergences are even more robust which is very bearish.
MACD has also strong bearish divergences.
Overall: JPM is hardly holding on to this level where price movements indicate there is no momentum in price anymore. Moreover, it indicates there is a relative weakness in price compared with RSI and MACD as oscillators are unable to move up with price anymore, meaning a lack of momentum. If the price is not able to retest the upper trend line it will be even more bearish divergences in forming.
Breaking below 8 and 20 days MA and below the lower trend line would trigger a sell signal with a target around BigRed 200 days MA. Also, a sell signal will occur when touching the upper trend line.
Added to JPM short 141 shortDaily stoch gonna form a neg divergence and look at the vol
lot more selling buying . Believe last push before they all get out.
JPM SHRT 139.36Look today banks weak and about get weaker
look daily red today on a up day look vol
look daily weekly stoch crossed over starting to turn down
rates up u think banks rally not
