Everyone Is Watching This Chart Of JP Morgan Chase

There is a textbook head and shoulders pattern developing in JP Morgan Chase ($JPM). This is huge for the market. JP Morgan Chase is one of the top 10 largest banks in the world and the largest bank in the U.S. by total assets.

The StockTwits stream was one of the first to point it out. More than two weeks ago the quant team @forecastis made this prediction. Then a week after that @willysmilence posted this and @a_jackson shared this chart. For this post we’ve compiled some of the more recent posts on the $JPM head and shoulders:

 

1.)  From @chartsmarter:

Screen Shot 2013-09-25 at 7.07.45 AM

 

 

2.) From @marketclouds:Screen Shot 2013-09-25 at 7.09.13 AM

 

 

3.) From @andrewunknown:

 

Screen Shot 2013-09-25 at 7.10.23 AM

 

 

4.) From @marketguy:

Screen Shot 2013-09-25 at 7.11.24 AM

 

5.) From @TradingPlays:

Screen Shot 2013-09-25 at 7.12.18 AM

 

 

6.)  From @mohora:

Screen Shot 2013-09-25 at 7.13.09 AM

 

 

7.) Look at the huge spike in $JPM message volume on StockTwits:

Screen Shot 2013-09-25 at 7.14.51 AM

 

8.) Now look at the huge collapse in $JPM sentiment:

Screen Shot 2013-09-25 at 7.14.45 AM


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