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Is JPM Technical Set-Up Telling Us Anything About the Likely Reaction to Earnings?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Truthfully, the chart set-up in JPMorgan Chase & Co. (JPM) heading into this evening's earnings does not provide me any "wink and nod" directional edge. Significant and consequential resistance hovers between 63.15 and 64.60, which includes a recent negative crossing of the 50-Day EMA beneath the 200-Day EMA (The dreaded "Death Cross!”), and will have to be hurdled to trigger a meaningful Buy Signal. Conversely, important, strong support rests between 60.50 and 58.50. Only a sustained

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