Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Tuesday, December 26, 2017

JPM Reaching Maximum Extension?

JPM has been climbing aggressively in the last six months.



click on image to enlarge




Its sudden blast higher last month has been drifting sideways in that past few weeks producing a price pattern that is typical of a blow off top.  It's likely JPM will have to retest the $100 level about the time the lower red channel line passes through that $100 level.


Trade well my friends

Alan

Blog Archive