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$JPM

BEARISH2023-04-19
By horizon✗ miss+1.7%
1d
+1.7%
5d
-3.1%
21d
+1.7%
Original post
Knox Ridley · 2023-04-19

I know everyone is ultra bearish, the crowd can never be right (except in late 2007), and everything is safe in the banking world after the $JPM report. But, until $XLF can get above $36, this is a nasty setup. Five waves down followed by 3 waves up. Price is much lower while momentum is higher than any point since late 2021. This next reversal will tell us a lot.

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