JPM long will go to 370$ and Higher

23 juil. 2023

New 52-week highs this week, powered by the Dow and Nasdaq100 which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years. The Dow has been powered by, among other things, a slew of corporate financial results, particularly from the banks, which showed not only improved profitability, but also strong guidance for the next quarter and full year.


I have explained 2 bullish scenarios,1 bearish(worse case).

Bullish:
higher highs higher lows
poc uprising
volume increasing
capital flow rising


In case the Take profits hit, and we have increased volume, I will ride the trend.
I will only take profit 10% of the JP Morgan portfolio and let the profit run.

Exit :Stop loss or trend change signal


The mid and long term horizon is bullish. If any Profit taking level reaches, and trend continuation is signalizing that the uptrend will be continued, I will increase agressively my positions and take only 10% profits of each position.I will let the prfoits run.

This trade setup is only for trend followers and on daily TF.

26 juil. 2023

Note

masdaq bullish after FOMC , I bouht more nowmy target stays at 21000
Next FED meeting in nov. december is much more important..

long dow jones long rty long indices and stocks