10/21/2017 – around a year ago the pattern below was defeated by JPM. as you can see from November 2016 it was a pretty big candle coming into this level.
we are now at another crucial level for JPM. 100-105 ‘should’ cause some stiff resistance. w/ the continued bullish movement of the overall market would definitely WAIT for a monthly/weekly SRC before selling or taking profits.
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 …