JPM snuck into the 140's this morning and into the Fib retracement zone on its daily price bar chart: JPM Daily Note that JPM's Daily Trend Model is on a Sell on last week's dive. The previous Sell was good for a move from $155 to $140 in about six weeks time. That would put JPM into the 120's by December expiration. I'm monitoring shorter-term patterns for a clean entry closer than 135, which could come any day this week. FOMC meeting today. Stand-by. JPM Hourly Key Level = < 138.00 A break below 138 puts us in the Dec 15th $140P IWM Daily Struggling to make into Fib retracement zone, still the weakest of major indices.
