JP Morgan Chase
Updated

JPM - "you look poor"

617
ok at 97 this should see support, but damn this is looking like a very long term top on Jamie Dimon's baby. That hurricane he was talking about started a few months ago.

Long term target is 50.
Note
more of a dramatic bounce, but still looks correct. H and S target - about 30

snapshot
Note
according to this chart, the banking crises may have just started.
Note
left shoulder looks complete on JPM snapshot
Note
banks teetering, everyone thinks the large banks are safe snapshot
Note
xlf is at heavy resistance here. I expect lower on the larger banks next snapshot
Note
JPM call was early, but it's looking like it will crack soon. snapshot

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.