JPM update

11/19/2016 – update to JPM.

the pattern in/around the 60’s caused quite the chop fest but was, ultimately, defeated.

now, since the election, JPM has vaulted out of the gate into the ‘big AB=CD’ and extension area … because of such a big candle coming into this level, it begs of caution if trying to short – perhaps look for a weekly or daily signal reversal?

wrong above 84 …

B

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JPM sell pattern

JPM sell pattern

 

2 Comments on “JPM update

  1. Good morning,Bart,i think like you about JPM and also about the eurostoxx banks index:it’s time for a correction.Which is the target of JPM of the potential downside?

    • hello paolo – right now, too early to tell. needs some time to get working and can then calculate some targets. a square root off the high is always a starting point

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