JPM is the current stock that we are currently swing trading for several reasons:
1. It is trading above the 50% Fibonacci (January 2 high and 12 March low); Bullish.
2. It has broken above the Bearish channel on Friday, 05 JUNE, which denotes Bullish sentiment
3. Lastly, we are using Earnings and rising Treasury Yields to provide it leverage to tell a good story of future earnings outlook.
Technical analysis has JP Morgan Chase poised to retrace to the 100% Fibonacci or $337.24 high established on 02 JAN 2026.
Entry: 50% Fib ($308.44
Target Price: $324.92 or $337.24
Stop Loss: 301.64 or 38.6% Fibonacci or $293.23 (28.6% Fib)
Follow us and attend our Swing Trading Workshop
Check out our event for 18 July 2026 at 10 AM Eastern Standard Time (EST).
Step 1: Complete Introduction to Options Courses (skool.com/lyns-investments-7455/classroom)
Step 2: Sign up by joining the Free Discord group (discord.gg/ZbNpYbaen3)
Step 3: Show up to Learn and Earn
Zoom link: us06web.zoom.us/j/83097084565?pwd=KXb57MxxWYDWQvxCFlAWfTo4tukIH6.1