JPMorgan Chase & Co

JPM remains within its broader uptrend (Stage 2) but has broken below the 9- and 20-day EMAs after failing at the $356–$357 support zone. The rising 50-day SMA provided intraday support, keeping the medium-term bullish bias intact. However, short-term weakness and a bearish support-failure pattern advise patience. We will stalk potential entries on stabilisation above the 50-day SMA (~$351.7) or on a reclaim and acceptance back above the 9/20 EMA zone.

• ↑Q2 revenue $58.0 B (+27.7% YoY) with EPS $6.14 vs $5.59 est
• ↑Initiative to invest $750 B in housing by 2035 drives growth
• ↓Profitability remains low, exposing ROE and dividend sustainability risks