TRADING TIPS

JPM Is Going to Drop More Soon

Hubert Senters here. Let’s take a look at J.P. Morgan. J.P. Morgan didn’t retrace as much as the rest of the market did today. It didn’t finish up positive. That’s a negative for the stock. As you can see it did this little got you sucker trade. The got you sucker trade is just a term that we use where there’s an established low. It breaks it.t then bounces out. Let me show what I mean. At YM, you see here established point of interest. Support area goes down below the support.  A support area as a starter here and goes got you sucker and then rips higher. So if you look at J.P. Morgan, J.P. Morgan didn’t do the same thing. It retire tried to close up higher but then that’s a weak sign for J.P. Morgan which means it’s probably going to drop below the $100 area and break $97 and then potentially even go to $89 so be on the lookout for that. We’re going to do another webinar on ‘’The 1% Club.’’ It’s going to be Wednesday at noon. They are still filling up. Most people have had a chance to potentially get in but they’re still being locked out so it’s getting closer. Once again, this will be Wednesday December 12th at 12PM EST. I will open up the room at 11:30AM EST to give you a shot to get in there. First name, e-mail address and I’ll teach you all about this entire secret deposit account that you can do and how it works and explain the situation to you. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.

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