JPMorgan Chase & Co

JPM is in a Stage 2 advancing uptrend characterized by persistent higher highs and higher lows. Price is currently extended above rising EMAs and at extreme overbought levels, making immediate entries unfavorable. The medium-term bias remains bullish, supported by Stage 2 momentum and continuation patterns (Devil’s Bargain, Higher Highs & Higher Lows). Execution should be deferred until price pulls back into the rising 9/21 EMA support zone for optimal engagement.

• ↑Q1 net income $16.5B, EPS $5.94, revenue +10% YoY to $49.4B
• ↑Investment banking fees +28% YoY support strong deal pipeline
• ↓Basel III G-SIB surcharges to raise capital costs by ~$20B