JPM Climbs Above a 4-1/2 Month Resistance Line

JPM Bigger Picture View-- continues to claw its way higher this AM, to a new rally peak at 111.87 off of its most recent pivot low at 102.20 (7/06/18). Let's notice that today's 1.1% upmove has the right look of a thrust above an important 4-1/2 month resistance line at 110.90, which represents a very constructive technical signal that points JPM higher, towards a confrontation with Apr.- June resistance lodged in and around the 115.00 area. At this juncture, only a downside reversal and close beneath 110.00 will compromise the timing to the run at 115.00 next... Last is 111.71/72

7 18 18 JPM Day GIF
7 18 18 JPM Day GIF

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