JP Morgan priced in goldNot many are watching this...
Incoming "capital rotation event" tidal wave!
#silver #gold #banks
CMC trade ideas
JPMorgan Broke Out. Now It’s Pulled BackJPMorgan Chase began July by breaking out to new highs, and now it’s pulled back.
The first pattern on today’s chart is the May 17 close of $204.79. The banking stock consolidated above that level through July 12. Has old resistance become new support?
Next is the price zone between roughly $208 and $210, matching some highs earlier this month. Will this be a place where buyers step in?
Third, the 8-day exponential moving average (EMA) is in the same area. JPM mostly remained above this EMA during its previous run in early 2024. Trend followers may watch for similar behavior amid the current breakout.
Finally, the 50-day simple moving average (SMA) has started rising after a period of sideways movement. That could potentially reflect bullishness over the intermediate term.
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JP Morgan Chase Exhibiting Signs of a Continuation to the UpsideUpcoming Earnings:
JP Morgan Chase & Co. (ticker: JPM) is scheduled to report earnings before the market opens on 11 October. The consensus earnings per share (EPS) estimate for the fiscal quarter ending September 2024 is US$4.04. The reported EPS for the same quarter a year prior was US$4.33.
Upside Strength; Price Rebounding from Ichimoku Cloud
Basic chart analysis shows that the stock is in an uptrend, displayed through price trading above the 200-day simple moving average (white at US$194.91), structural higher highs and higher lows, and a rising Average Directional Index (ADX) indicator. Traders typically look for the ADX to climb above 25 to reflect strength in the trend.
You will also see from the Ichimoku Indicator that the Ichimoku Cloud – formed by the Leading Span A at US$210.85 (green) and the Leading Span B (orange) at US$208.19 – has buyers and sellers battling for position within its limits. As of writing, the Leading Span A is above the Leading Span B, a bullish signal. However, Ichimoku traders will likely be cautious at current levels because the Ichimoku Conversion Line (blue at US$208.65) recently crossed below the Base Line (red at US$213.05), a bearish signal. Therefore, a crossover here back to the upside could trigger stronger commitment from bulls in this market (this is a confirmation signal that traders commonly employ for longs out of the Ichimoku Cloud). Another bullish confirmation signal often used is price crossing above the Base Line.
Price Direction?
As of current price levels, buyers are unlikely to commit. However, a price close above the Ichimoku Base line could attract bulls, with the Conversion Line crossing above the Base Line likely to fuel further buying and challenge all-time highs of US$225.48.
JPM Stock:3 Powerful Examples Of This 3 Step StrategyTrading is a challenge for me
It's really not predictable
but with the right rocket booster strategy
for The following stocks:
NYSE:WFC
NYSE:JPM
the other one is in the video so watch it now...
you can make good trades.
In this video, i show you two extra examples of the rocket booster strategy
watch it right now to learn more
Also rocket boost this content o to learn more.
Thank you.
Disclaimer: Trading is risky you will lose money
whether you like it or not
please learn risk management and profit-taking strategies.
JPM Stock: 3 Steps Rocket Booster Strategy (Learn More)Am really tired because am working on writing project.Almost every morning I wake up to punching in words.
The writing formula I have but working it is very mentally hard.Maybe it's because I have recently learned
How to do it.
Learning a new strategy takes time no matter how simple.One day you will get it and look back and appreciate the effort
You put in when no one was looking or keeping you accountable.
The 🚀 Rocket booster strategy is a technical analysis tool meant to show you when a price is in an uptrend.
It's used for trend analysis.
It's a common tool in trading and is used to show beginners how to read trends.
So this is the strategy:
👉The price has to be above the 50 EMA
👉The price has to be above the 200 EMA
👉The price should "Gap" up
-
If you notice these 3 Steps on this Chart NYSE:JPM
It's showing you a Buy signal.
-
Rocket boost this content to learn more
-
⚠️ Disclaimer: Trading is risky you will lose money wether you like it or not please Learn About Risk Management And Profit Taking Strategies.
JP Morgan Chase (JPM): Bearish Scenario on the HorizonYou have to hear us out on this one, as we are presenting a very bearish scenario, but we will explain why we think it could unfold this way.
First, let's look at the weekly chart (yes, the weekly chart). This chart shows a near-perfect Elliott wave and Fibonacci count, respecting all the important theoretical points well. If this analysis is correct, we are currently in the last push of wave (5) to end this large cycle. After that, we should see lower prices for a higher wave II. We give the current wave (5) a maximum target of $271, but it is more likely to drop before we reach that level.
In the the main chart, we zoomed in to make it clearer. Everything depends on whether we are correct about wave (3) and wave (4). If our count is accurate, wave (3) should conclude between the 227.2% and 261.8% levels. NYSE:JPM has formed a bearish divergence on the RSI, and if the stock drops below $190, we expect prices to fall further, ideally between $178.46 and $149, for one last push higher to conclude this cycle.
It will take some time until we get there, but good things take time, and we are ready for it to play out. Alerts are set, and the plan is in place. 😎
$JPM 65m Analysis (Continuation)What's up everyone, I'm back with some quick update on $JPM.
Quick fact: The 65-minute chart has 6 evenly sized candles (65 x 6 = 390, amt of mins per day).
Based on our previous analysis:
- NYSE:JPM has bounced off the 0.618 bullish Fibonacci on the 65-minute chart at $204.11
- Price Target of $225.48 at 0.0 (assuming we continue the bullish trend)
- Stop Loss of $194.36 at the 0.9 bullish Fibonacci
The price is currently up 2% from when we first analyzed the stock and 3.85% from the last time it touched 0.618.
If you're in the play, stay the course, move your stop loss to 0.5 Fibonacci if you want to decrease your risk. If not, hold on.
I'm not in the play.
JPM - 10% to 20% Dip IncomingDISCLAIMER: This is not trade advice. This is for educational & entertainment purposes only to demonstrate how I am looking to be involved with this market. Trading involves significant risk, do your own due diligence.
A concerning sign for JPM bulls triggered today. We saw the DPO & CCI divergence confirmed. Price targets to the downside of this confirmation imply a 10% to 20% dip is coming for JPM.
See you down there.
JP MORGAN to rise at least +14% on this rally.We haven't looked into JP Morgan Chase (JPM) in almost 6 months (March 25, see chart below) and the excellent sell signal it gave us:
That was right at the top of its 2-year Channel Up. Right now we have the price rebounding an pricing a Higher Low on a shorter-term Channel Up since the March 25 High. Being still below its 1D MA50 (blue trend-line), gives time for an early buy.
The minimum % of a Bullish Leg within this Channel Up has been +14.07% so our Target is at $229.00 accordingly.
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$JPM 0.618 Bullish Fibonacci, 65m AnalysisHey everyone,
I took sometime to chart NYSE:JPM , JPMorgan Chase & Co., on the 65-minute timeframe.
Every 6 candles = 1 day.
I took a bullish Fibonacci on the low of Aug 5th ($190.90) and dragged it to Aug 30th's all-time high price of $225.48.
On Sept 14, price dropped to the 0.618 Fibonacci @ $204.11 and price hovered around the area for the next few days. As of EOD yesterday, Sept 16, price is hitting minor resistance on the 0.5 Fibonacci @ 208.19.
I am bullish on NYSE:JPM but not going to take any plays as of yet.
External factors like the Fed's decision on interest rate and other economic news have huge influence this week.
JPMorgan Stock Slumps Amid Interest Income ConcernsJPMorgan Chase & Co. (NYSE: NYSE:JPM ) recently experienced a significant drop in its stock price, slumping over 7% following warnings from its President and COO, Daniel Pinto, about the bank’s net interest income (NII) outlook. As the largest U.S. bank by assets, JPMorgan's financial health is closely watched as a bellwether for the broader banking sector. Here's a deep dive into both the technical and fundamental aspects affecting JPMorgan’s stock.
Fundamental Analysis
JPMorgan's recent stock decline was triggered by Pinto’s comments that NII expectations are overly optimistic given the expected Federal Reserve rate cuts. The Fed is anticipated to lower its key policy rate by at least 25 basis points during its upcoming September meeting, initiating a potential monetary easing cycle. Lower rates are likely to compress NII, which represents the spread between what the bank earns on loans and what it pays on deposits.
Previously, JPMorgan (NYSE: NYSE:JPM ) forecasted its NII to rise to $91 billion this year, excluding its markets division. However, with the Fed’s rate cuts on the horizon, future projections have been adjusted downward. Investors are now concerned that the bank may not hit its 2025 NII target of approximately $90 billion, especially with Pinto's warning that "next year is going to be a bit more challenging."
Expense Outlook and Broader Concerns
Additionally, the analyst estimates for JPMorgan’s expenses in 2025, pegged around $94 billion, have been deemed overly optimistic by Pinto. With inflationary pressures and new investments looming, the bank’s expense base is expected to be higher than current projections. This dual concern over income and expenses has rattled investor confidence, making it JPMorgan's worst drop since June 2020.
Despite these challenges, JPMorgan’s position as a leader in gathering deposits and making loans remains strong. The bank's trading revenue is projected to be flat to slightly up year-over-year, and investment banking fees are expected to rise by about 15%, indicating resilience in other business segments. However, slowing economic growth in the U.S. and an anticipated decline in new loan yields due to rate cuts continue to cloud the outlook.
Technical Analysis
Current Price Action
As of the latest trading session, JPMorgan stock was down 5.19% in extended market trading, reflecting the broader market's nervous reaction to Pinto’s comments. The stock has been under pressure, but the Relative Strength Index (RSI) at 53 suggests that the stock isn’t yet in overbought or oversold territory, indicating a potential for reversal if sentiment shifts positively.
Key Technical Patterns
- Golden Cross Pattern: The daily chart shows a golden cross pattern formed earlier in the year, a bullish indicator where the 50-day moving average crosses above the 200-day moving average. Historically, this pattern has been associated with upward momentum, suggesting potential long-term strength despite current headwinds.
- Support and Resistance Levels: Currently, JPM is trying to establish a base around $133, which acts as a critical support level. A break below this pivot would confirm a bearish reversal pattern, potentially leading to further declines. Conversely, holding above this level could set the stage for a recovery, especially if NII concerns are tempered by unexpected positive news.
- RSI Analysis: The RSI of 53 implies that JPMorgan stock (NYSE: NYSE:JPM ) is positioned for a possible trend reversal. If buying pressure increases, the stock could move towards its next resistance levels near $145 and then $155.
- Bearish Divergence: However, caution is advised as there has been a recent bearish divergence between price and momentum indicators, which could signal further downside if investor sentiment does not improve.
Outlook and Key Considerations
JPMorgan remains fundamentally strong, with robust trading and investment banking revenues cushioning some of the expected pressure on NII. However, the market's reaction to the tempered guidance reflects broader concerns about the impact of lower rates on bank profitability.
For investors, the key takeaway is that while JPMorgan’s stock faces near-term challenges, the bank’s dominant market position, diversified revenue streams, and proactive management strategies still provide a solid foundation. Technically, a close watch on support levels and RSI dynamics will be crucial in determining the stock's short-term direction.
Conclusion
JPMorgan’s recent slump highlights the balancing act the bank must perform amid changing economic conditions. While the market’s reaction has been swift, the long-term narrative for JPMorgan remains constructive, provided the bank can navigate the expected rate cuts and maintain control over rising expenses. For traders and investors, staying informed on both the fundamental outlook and technical patterns will be essential in making well-timed decisions regarding $JPM.
The UGLY Impact of the Viral Chase ATM “Infinite Money GlitchThe recent viral TikTok trend exploiting an "infinite money glitch" in Chase Bank's ATM system had significant repercussions, including a sharp 7% drop in Chase's stock value. The trend, which involved customers fraudulently cashing fake checks and withdrawing funds, spiraled into a widespread scam that not only hurt individuals financially but also sent shockwaves through Chase’s financial stability.
Initially, people were led to believe they could deposit fraudulent checks and withdraw seemingly "free" money, but Chase swiftly labeled the activity as fraud and began freezing accounts, recovering funds, and deducting large sums from participants' balances. This drastic action, combined with negative media attention, created panic, especially as the legal implications of fraud charges became clearer.
The stock market responded quickly, as investors became concerned about both Chase’s security vulnerabilities and the potential fallout from legal issues. The result? A 7% plummet in stock value, reflecting shaken confidence in the bank's internal controls and the broader impact of social media-driven financial schemes.
This incident serves as a reminder of the risks of viral financial trends and the importance of approaching any “too good to be true” money-making scheme with extreme caution.
FibonacciFibonacci
📐 One of my favorite tools for making buy or sell decisions in the markets is Fibonacci, as it highlights key levels that are very difficult to spot just by looking at the chart without it.
🧮 What’s most impressive is how the price reacts strongly when it hits these key levels, remember, fibonacci is based on a numerical pattern where each number is the sum of the two previous ones, starting with 0 and 1, this sequence is fascinating because it shows up in nature, art, and finance, which makes it even more amazing to me.
🧠 With Fibonacci, you can create strategies to identify strong supports and resistances on large time frames, such as H4 or daily, in addition, it allows you to see if the price is touching or close to its take profit, or if it is at levels where you could place your stop loss or take profit.
📐 fibonacci retracement
📊 One thing investors really pay attention to is the Fibonacci retracement, when prices start dropping in an uptrend, levels like 38.2%, 50.0%, 61.8%, and 78.6% often act as support.
▪️ Why? Because traders are keeping an eye on these levels and reacting to them it’s like a prophecy, if enough people believe the price will bounce at 38.2%, it’s more likely to happen just because everyone’s expecting it.
▪️Over time, Fibonacci levels have shown they’re pretty handy for spotting market pullbacks and surges, which is why they’ve become so popular.
🤔 How to use it?
📊 First, we need to identify whether the trend on our chart is bullish or bearish, if it’s bullish, we find the lowest point and mark it as point "A", then we extend Fibonacci to the highest point, which becomes our point "B" this way, the levels are almost exactly aligned, and we can fine tune them to match the prices better, typically round numbers are the most important to consider.
⚖️ Levels
🔹 Take profit
-61.8%
-27.0%
🔹 Point “B” end of extension of fibonacci
0.0%
🔹 Consolidation zone or possible continuation
23.6%
🔹 Validation zones
38.2%
50.0%
61.8%
78.6%
🔹 Extension point “A” of fibonacci
100.0%
🔹 Stop loss
110.0%
120.0%
🏦 In the following example, we’re looking at NYSE:JPM on a 4-hour timeframe, when it touches the 61.8% level, it shows strong upward movements, respecting that level quite well, now, it’s at point “B” of the extension, and if it breaks this level, it could head towards the -27% Fibonacci, which is very close to a round number $225 i think that’s a very likely target.
JPMorgan Chase: A Rollercoaster Ride Through Financial History The price movements you've listed are indeed shown on the chart for JPMorgan Chase & Co. (JPM) stock. Let's analyze each of these movements:
**The chart shows significant price drops at different time periods, with the largest being a 95.38 point (-44.27%) decline over a short period of about 2 months and 4 weeks.**
## Analysis of Price Movements
1. -82.13 (-41.97%) drop over 55 bars (about 1 year 3 weeks):
This appears to be the most recent significant drop, likely projecting into the future from the current date (August 17, 2024). It suggests a potential bearish scenario over about a year's time.
2. -73.28 (-41.97%) drop over 55 bars (1 year 3 weeks):
This movement is similar to the first one in duration and percentage, but with a slightly smaller absolute point drop. It might represent an alternative bearish projection or a historical movement.
3. -61.47 (-44.27%) drop over 13 bars (4 months 4 weeks):
This shows a steeper decline over a shorter period, indicating a more rapid price decrease. The timeframe of about 5 months suggests this could be a significant market correction or reaction to specific events.
4. -95.38 (-44.27%) drop over 13 bars (about 2 months 4 weeks):
This is the largest point drop shown, occurring over the shortest period. It represents a very sharp decline, possibly indicating a major market event or crisis. The similarity in percentage to the previous drop (-44.27%) but with a larger point value suggests this occurred at a higher price point.
## Key Observations
- The percentage drops are quite similar (around 41-44%), suggesting consistent levels of significant corrections or bear markets.
- The durations vary widely, from about 3 months to over a year, indicating different types of market events or cycles.
- The largest point drop (-95.38) over the shortest period (about 3 months) likely represents a critical market event, possibly related to the steep decline visible on the chart around March 2020 (which coincides with the onset of the COVID-19 pandemic).
These price movements highlight the volatility of JPM stock and the potential for significant price swings over various timeframes. They serve as important reference points for understanding historical trends and potential future scenarios for the stock.
Citations:
pplx-res.cloudinary.com
JPM Following Bullish Trend for Next Major Breakout!Thursday, 15th we expect JPMorgan Chase & Co to open at $209.37, and during the day (based on 14 day Average True Range), to move between $205.58 and $214.90, which gives a possible trading interval of +/-$4.66 (+/-2.21%) up or down from last closing price. If JPMorgan Chase & Co takes out the full calculated possible swing range there will be an estimated 4.43% move between the lowest and the highest trading price during the day.
JPM: Time for a correction - Bears may take control of pricesJPM: Time for a correction - Bears may take control of prices
From our previous analysis posted on 07-Jun-2024, JP Morgan completed the harmonic pattern perfectly and fell by almost 11.63% after the release of earnings reports.
On July 12, 2024, JP Morgan reported good ER data and above expectations. However, taking a profit is part of the trading process which moves the price down for correction in an uptrend.
Considering that we have the bearish pattern showing overextended conditions in JP Morgan's price, and also the fact that ER will always be positive given its strong position, it is possible that we may see the price of JPM fall further as shown in the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
JPM Warning
This is a project I had with absolutely no analysis in mind, so it never made it to this world where Picasso is not wanted and gibberish is dangerous. Just random dots splashed on the tradingview canvas while presumably being in the Nen Zone. Unfortunately, I have never seen anything like it in all the nen projects that have poured into existence through my brain and hand on the mouse. And that's why I am posting this idea as a warning in case the rest of the dots prove to be relevant and JPM will run out of steam in the near future.
I don't want to scare the bulls away, I don't know the mathematical probability for the rest of the dots to end up near the price in future time or the other way around, but still, in another scenario if it ends up descending, I will be looking for potential buy zones at the two inflection points near the ellipse. And that's why I like Cricket.
JPM as A Gauge For Bull Run
I consider JPM as a source of truth in this bull run for several reasons:
Post-Banking Crisis Fragility: Especially following the banking crisis in 2023, banks are more fragile, and money has consolidated in some bigger, safer banks.
Exposure to Various Crises: They have a lot of skin in the game, so any crisis coming from either a tech bust, Japan, bonds, or inflation will surely affect them.
Too Big to Fail: They most probably won't go bankrupt; they are too big to fail.
Correlation with S&P 500: JPM is almost perfectly correlated with the S&P 500.
Lately, I have been observing new all-time highs from both the S&P 500 and Nasdaq, and of course, JPM. It hasn't even dropped below the weekly 20 MA as it did in 2021. So, it is still uncertain if this is a breather or the beginning of the end. Over the last four weeks, the wicks were up but pressured down. Making another local top will be the third in 2024, and that also create 2nd bearish divergence on RSI, so I would watch out for a quick meltdown.
JPM JPMorgan Chase & Co Options Ahead of EarningsIf you haven`t bought the dip on JPM:
Now analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week,
I would consider purchasing the 200usd strike price in the money in the money Calls with
an expiration date of 2025-1-17,
for a premium of approximately $17.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
