What Too Big to FAIL Look Like? JPM
Updated
This chart was originally looking at GANN angles for JPM. Keep in mind this is not scaled- primarily to show the graphics better, but also suggests the volatility is native to the price action when it is scaled. JPM is the largest bank in the US. As far as I can see the top was reached 2 yrs ago during CV19 height. The new paradigm is a down wave. There is already a hint of an additional bearish pattern forming. This harmonic is a shark pattern, but they have a tendency after the C wave to turn down and sometimes very harshly (just the nature of the harmonic). They can be bearish or bullish, but only after the entire bearish embedded harmonic sentiment has ran their course. Note this same type of pattern in Bitcoin (slightly different but the same). How far down?? Leave your comment below.
The FED is printing money at an unstoppable rate and has been doing so. Inflation is rising not just nationally but Globally. Sure we do get the hints of better days, but they are short lived. I think this is primarily because there wasn't as harsh of an economic impact during COVID. Now that the pandemic is subsiding some (still not gone), the money printer is being over worked to a point where it may not be able to do much at all. Large companies are laying off (reminiscent of pre COVID days). There are other indicators as well in the DOW and NYSE to further support something BIG is bound to happen THIS YEAR and within the next 30-90 days which could further last well into the next few years. How bad will it get??? I am only providing the acronyms as they relate to the different levels. Keep in mind we are still in an overall bearish cycle and these small pumps we get are the hints of the money injections attempting to revive things. Banks are teetering and a few have failed. NOTE: There are banks out there in worst condition than the ones that were bailed out. What happens to them? It has already been noted that there is not enough FDIC insurance to cover everyone so when PANIC sets in it just doesn't look good. I hope this is all wrong, because if it is not May God have Mercy on the souls of the many across this Nation and the Globe. I am also looking at crypto markets taking a dive as well, but maybe not as bad as the traditional markets which more people are exposed to. Once the PANIC level is reached I think its going to get ugly very quickly. It may happen sooner than later. Stay vigilant!
I warrant that the information created and published, doesn't constitute investment advice, and isn't created solely for qualified investors.
The FED is printing money at an unstoppable rate and has been doing so. Inflation is rising not just nationally but Globally. Sure we do get the hints of better days, but they are short lived. I think this is primarily because there wasn't as harsh of an economic impact during COVID. Now that the pandemic is subsiding some (still not gone), the money printer is being over worked to a point where it may not be able to do much at all. Large companies are laying off (reminiscent of pre COVID days). There are other indicators as well in the DOW and NYSE to further support something BIG is bound to happen THIS YEAR and within the next 30-90 days which could further last well into the next few years. How bad will it get??? I am only providing the acronyms as they relate to the different levels. Keep in mind we are still in an overall bearish cycle and these small pumps we get are the hints of the money injections attempting to revive things. Banks are teetering and a few have failed. NOTE: There are banks out there in worst condition than the ones that were bailed out. What happens to them? It has already been noted that there is not enough FDIC insurance to cover everyone so when PANIC sets in it just doesn't look good. I hope this is all wrong, because if it is not May God have Mercy on the souls of the many across this Nation and the Globe. I am also looking at crypto markets taking a dive as well, but maybe not as bad as the traditional markets which more people are exposed to. Once the PANIC level is reached I think its going to get ugly very quickly. It may happen sooner than later. Stay vigilant!
I warrant that the information created and published, doesn't constitute investment advice, and isn't created solely for qualified investors.
Note
JPM appears to be approaching a capitulating point in price of 143.00.. Price expected to nosedive in coming weeks/ months. Sharply and suddenly to grasp the attention of the masses and economic world. Sovereign debt and defaults are rising among advanced economies/nations. Rates continue to rise across many of these advanced economies as well. The results could form a seizure of credit in certain central banks and this will develop into cavitation of the banks including the largest bank - JPM.Note
Expecting extreme downturn in JP Morgan stock price .... this chart is 51Days but youll be able to see the candles turn red starting in July/August.Note
Noticed the upturn today.. so the projection is a must reverse at the previous top... of 171.00 or sooner .... NO WAY JPM can withstand whats about to take place this fall and next spring with value such as this.Note
JP Morgan is in trouble! JP's settlement of 290 million to victims of sex trafficker J. Epstein. His crimes and this settlement are above and beyond "business as usual". This is just a drop in the bucket. News outlets report JPMC losing 38 Billion since 2000 due to fines and violations. AS of 9 days ago the Financial Times reports JPMC losing 75 Billion in Institutional Deposits 2Q 2023. These are just highlights to set the tone of the price action we are about to see on JPMC. My analysis says its price will dip below 100 a share by 2024.Note
We are approaching the WTF box on the largest bank in the United States. Rapidly. My estimates by Feb 2024 JPM is going to tank and be nearly insolvent.Note
Released 10/27/2023 - Jamie Dimon plans to sell 141Million worth of JP Morgan shares beginning in 2024! See previous comment.msn.com/en-us/money/companies/jamie-dimon-plans-to-sell-141m-worth-of-jpmorgan-stock-in-first-share-selloff/ar-AA1iXF4q
Note
JP Morgan appears to have reached its double top.. it will be interesting to see what develops from here. My guess is a big pullback is on the horizon in 2024Note
1-26-2024 JPM changes among top leaders/ candidates announced. youtube.com/watch?v=vDbLB0RpoJA
Moorsc0de aka Crypt0nomics aka Zaphkiel
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