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JPM Revisited After Earnings

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Below is what we discussed about JPMorgan Chase & Co. (JPM) yesterday morning prior to earnings. The negative technical set-up outlined below proved telling for directional-price action ahead of the news. In reaction to earnings, JPM declined and violated its Aug- Oct support line, and is negatively positioned for downside continuation that tests the Oct. low at 58.53. MJP 10/14/15 Truthfully, the chart set-up in JPMorgan Chase & Co. (JPM) heading into this evening's earnings does not

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