JPM Technical Analysis and GEX Overview
1. Technical Analysis Overview:
* Trendlines: The ascending trendline reflects continued bullish momentum, with higher lows being respected. A breakout above $247.97 may trigger bullish sentiment.
* Key Levels:
* Support Levels: $243.66 (near-term), $237.13 (secondary).
* Resistance Levels: $247.97 (short-term), $252.50 (major resistance).
* Indicators:
* MACD: Momentum is mildly bullish, with the MACD line above the signal line.
* Volume: Volume remains steady, supporting a gradual uptrend.
2. GEX Analysis (Gamma Exposure):
* Gamma Resistance:
* $247.50 to $252.50 range indicates a high concentration of call options (bullish sentiment).
* $245.69 as the highest positive NET GEX, acting as a key pivot.
* Gamma Support:
* $237.50 is the significant put support.
* Additional support seen near $231.59.
3. Scenarios:
* Bullish Scenario:
* If JPM breaks above $247.97 with volume, it can test $252.50 in the coming sessions.
* Entry at $247.50, Target $252.50, Stop-loss at $245.00.
* Bearish Scenario:
* A failure to sustain above $243.66 might push prices toward $237.50.
* Entry below $243.50, Target $237.50, Stop-loss at $245.00.
4. Sentiment and Outlook:
* Bullish sentiment persists, with GEX indicating stronger resistance above $247. Call dominance hints at potential upward momentum.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Conduct thorough research and consult with your advisor before trading.
* Trendlines: The ascending trendline reflects continued bullish momentum, with higher lows being respected. A breakout above $247.97 may trigger bullish sentiment.
* Key Levels:
* Support Levels: $243.66 (near-term), $237.13 (secondary).
* Resistance Levels: $247.97 (short-term), $252.50 (major resistance).
* Indicators:
* MACD: Momentum is mildly bullish, with the MACD line above the signal line.
* Volume: Volume remains steady, supporting a gradual uptrend.
2. GEX Analysis (Gamma Exposure):
* Gamma Resistance:
* $247.50 to $252.50 range indicates a high concentration of call options (bullish sentiment).
* $245.69 as the highest positive NET GEX, acting as a key pivot.
* Gamma Support:
* $237.50 is the significant put support.
* Additional support seen near $231.59.
3. Scenarios:
* Bullish Scenario:
* If JPM breaks above $247.97 with volume, it can test $252.50 in the coming sessions.
* Entry at $247.50, Target $252.50, Stop-loss at $245.00.
* Bearish Scenario:
* A failure to sustain above $243.66 might push prices toward $237.50.
* Entry below $243.50, Target $237.50, Stop-loss at $245.00.
4. Sentiment and Outlook:
* Bullish sentiment persists, with GEX indicating stronger resistance above $247. Call dominance hints at potential upward momentum.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Conduct thorough research and consult with your advisor before trading.
Disclaimer
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