XJO 0.30% 8,099.9 s&p/asx 200

JPM showing some strength as it's breaking out but...

  1. 2,412 Posts.
    lightbulb Created with Sketch. 2608
    JPM showing some strength as it's breaking out but there's some cracks appearing.

    For starters the bottom hammer candle (circled) does resemble that shooting star (circled) from Mondays session.

    Was quite the reversal off that set up so let's see what plays out there.

    Above the yellow line and back test was all good and bulls go on their merry way.

    Below the yellow line and some questions will come.

    Below the red line and bears are back in business...

    Oh and speaking of going on it's merry way, did I mention VIX at all today
    .
    https://hotcopper.com.au/data/attachments/5407/5407018-bf0c1eb73a57f3ef6ae52d1dc5a7d39c.jpg
 
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