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JPM JPMorgan Chase & Co Options Ahead of EarningsIf you haven`t bought the dip on JPM: Now analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week, I would consider purchasing the 200usd strike price in the money in the money Calls with an expiration date of 2025-1-17, for a premium of approximately $17.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:JPMLong
by TopgOptions
Gold decreased slightly before today's PPI news💵GOLD PRICE AND ECONOMIC INFORMATION Gold fell below $2,410 per ounce on Friday after rising nearly 2% in the previous session, but is set to notch a third straight weekly gain, supported by softer-than-expected inflation figures for the US. Headline inflation slowed more than anticipated to a one-year low of 3% in June, while the annual core measure dropped to a three-year low of 3.3%. The deceleration has heightened expectations for a Federal Reserve rate cut, with traders now pricing in a 93% chance of a rate cut in September, up from 73% on Wednesday. Meanwhile, San Francisco Fed President Mary Daly expects further easing in price pressures and the labor market to justify rate cuts, while Chicago Fed President Austan Goolsbee believes the US economy is on track to achieve 2% inflation. 🔴SELL GOLD: 2438 - 2440, SL: 24046 🟢BUY GOLD: 2395 - 2393, SL: 2389 🟢BUY GOLD: 2382 - 2380, SL: 2376 ⛔️Breakout: top border 2414 - 2425 - below 2403 - 2396 - 2390 🔼Support: 2403 - 2397 - 2392 - 2387 - 2378 - 2370 🔽Resistance: 2414 - 2425 - 2437 - 2449 - 2460 GOOD LUCK EVERYONE👍
OANDA:XAUUSD
by Scalper_Ananda
Understanding Technical Indicators - Avoid FaultsI received a question from a member today related to Divergence on RSI or Stochastics. I've been lucky to actually sit down with the creator of Stochastics, George C. Lane, to discuss his indicator and how he used it to trade. I've also been luck to be able to attend multiple industry conferences over the past 20+ years where I've been able to watch and listen to dozens of the best technicians and analysts explain their techniques. Boy, those were the days - right? This video is going to help you understand most technical indicators are designed based on a RANGE of bars (usually 14 or so). This means they are measuring price trend/direction/strength/other over the past 14 bars - not longer. And because of that you need to understand any trend lasting more than 14+ bars could result in FAILURE of the technical indicator. Watch this video. I hope it helps. Get some.
AMEX:IWMEducation
by BradMatheny
75: Decline in Oil Tankers to China Signals Weaker DemandThe number of oil tankers heading to China has dropped to its lowest in nearly two years, indicating weaker demand in the world's second-largest economy. Bloomberg reports only 86 supertankers en route over the next three months, the lowest since August 2022. Current Scenario: After holding $70 on the weekly chart, oil prices are attempting to reach new highs around $90. This movement suggests bullish momentum as the market reacts to shifting demand dynamics. Bearish Scenario: If oil prices fail to maintain momentum and drop below the recent low, we could see a trend reversal. Key support to watch is around $60, where buyers might step in again. Bullish Scenario: If oil prices break above $90, we could target $100 as the next major resistance level. Sustained bullish momentum would be necessary for this upward move, potentially driven by improving economic indicators or geopolitical factors.
NYMEX:CL1!Short
by SeventyFive-Invest
Planning for Next Earnings Season: DFSNYSE:DFS has a platform trend since the highs and lows are very consistent, suggesting controlled buying over time. It had a compression pattern before the pop out of the box white candle and a small gap up candle as the first attempt to break out to the upside. The stock may drop back into the platform range but if it holds, it's a good indication that earnings have improved. This is an example of a good pattern to watch for a pre-earnings run setup with potential to swing trade to earnings. Discover reports July 17th.
NYSE:DFSLong
by MarthaStokesCMT-TechniTrader
NKE Leap Call / Long Term BuyNike is setting up for a long-term buy / leap call opportunity. The Jeanius Indicator/Screener gave the following reasons why: Price fell through two untested lows, taking out sell-side liquidity. The indicator shows how much volume came from and how far price ran up from these lows. NYSE:NKE is also testing a 3M uptrend line from the low of 2017 through the low of 2020. The brilliant Jeanius Indicator printed "Combo" labels on the chart when this specific combination of multiple confluences has occurred in history!!
NYSE:NKELong
by jeanius_tech
BTC Bitcoin Price TargetIf you haven't sold at the peak of BTC or entered during the Nuying opportunity: Then you need to know that Bitcoin is currently exhibiting a bullish pennant pattern, a technical formation typically characterized by a period of consolidation following a strong upward movement, represented by a symmetrical triangle with converging trendlines. This pattern suggests that Bitcoin's recent price gains may continue, with a projected target of reaching $68,000 by the end of this summer.
Long
by TopgOptions
Long-Term Position on BTC Using CRYPTOCHEATER BTC 15min IndicatoToday, I am making the decision to go long on Bitcoin (BTC) on the 15-minute chart, based on the signals from my CRYPTOCHEATER BTC 15min indicator. Action Plan: Opening Position: Enter a long position at the current market price. Stop-Loss: Set a stop-loss below the MA20 to minimize potential losses. Take-Profit: The target value will be determined based on price dynamics and resistance levels. Note: Trading cryptocurrencies involves a high level of risk, and each trader should conduct their own analysis before making trading decisions.
BINANCE:BTCUSDLong
by TraderGPTru