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My P&F Technical Set-Up Looks Very Promising For New Highs


Heading into tomorrow's JPMorgan Chase & Co. (JPM), and Wells Fargo & Company (WFC) big-bank earnings report (before the open), let's notice that the current up-column of Blue X's has broken above key resistance at 208.50/75, which triggered near-term measured upside potential to 211.75.

Such a move will test prior all-time highs in the vicinity of 212.00.

If hurdled and sustained on a 212.25 print, then SPY will trigger larger upside targets at 215.50 and then 217.25/50.

At this juncture, only a decline that prints 207.00 will begin to compromise the current constructive Point & Figure technical set-up.

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