JPM Technical Analysis and GEX Insights. Feb. 7
Technical Analysis (1-hour Chart)
* Trend: JPM has been in a strong ascending channel, with higher highs and higher lows forming a wedge pattern. The price is approaching key resistance levels near $277.50–$280.
* Volume: Increased volume supports the upward movement, but overextension signals potential exhaustion.
* MACD: Momentum is positive but weakening, with the MACD histogram flattening. A crossover might occur, signaling potential reversal or consolidation.
* Stoch RSI: Overbought conditions with Stoch RSI above 97, suggesting a short-term pullback might be imminent.
Gamma Exposure (GEX) Analysis
* Key Levels:
* Call Resistance: $280 (78.51% GEX density) serves as a strong resistance zone, limiting upward potential.
* Put Support: $262.50 (3.65% GEX density) provides significant downside protection.
* Gamma Wall: $275 is acting as a near-term support and resistance level, indicating a critical inflection point.
* Options Flow: Low implied volatility rank (IVR 11.1) suggests reduced premiums. GEX favors calls (positive sentiment), but the small shift in IVX (-0.54%) indicates waning momentum.
Trading Suggestions
* Bullish Setup (Call Options):
* Entry: Above $278 (confirmed breakout of $277.50 resistance).
* Target: $280, $285 (if momentum sustains above GEX walls).
* Stop Loss: $275.
* Bearish Setup (Put Options):
* Entry: Below $275 (breakdown of key GEX wall support).
* Target: $267.50, $262.50 (approaching Put Support).
* Stop Loss: $278.
Probability Changes at Open
* GEX suggests minor upward bias, but price at $277.50–$280 could face resistance.
* Monitor real-time data and volume confirmation at open for direction.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence before trading.
* Trend: JPM has been in a strong ascending channel, with higher highs and higher lows forming a wedge pattern. The price is approaching key resistance levels near $277.50–$280.
* Volume: Increased volume supports the upward movement, but overextension signals potential exhaustion.
* MACD: Momentum is positive but weakening, with the MACD histogram flattening. A crossover might occur, signaling potential reversal or consolidation.
* Stoch RSI: Overbought conditions with Stoch RSI above 97, suggesting a short-term pullback might be imminent.
Gamma Exposure (GEX) Analysis
* Key Levels:
* Call Resistance: $280 (78.51% GEX density) serves as a strong resistance zone, limiting upward potential.
* Put Support: $262.50 (3.65% GEX density) provides significant downside protection.
* Gamma Wall: $275 is acting as a near-term support and resistance level, indicating a critical inflection point.
* Options Flow: Low implied volatility rank (IVR 11.1) suggests reduced premiums. GEX favors calls (positive sentiment), but the small shift in IVX (-0.54%) indicates waning momentum.
Trading Suggestions
* Bullish Setup (Call Options):
* Entry: Above $278 (confirmed breakout of $277.50 resistance).
* Target: $280, $285 (if momentum sustains above GEX walls).
* Stop Loss: $275.
* Bearish Setup (Put Options):
* Entry: Below $275 (breakdown of key GEX wall support).
* Target: $267.50, $262.50 (approaching Put Support).
* Stop Loss: $278.
Probability Changes at Open
* GEX suggests minor upward bias, but price at $277.50–$280 could face resistance.
* Monitor real-time data and volume confirmation at open for direction.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.