JPMorgan Chase & Co. $JPM is currently exhibiting a Squeeze Score of 98.4 and a Long-Term Squeeze Score of 94.1.
Here’s what the chart looks like:
JPM is coiled in a tight flag following a bullish gap after successfully flipping former resistance into support.
Volatility on the Strazza Indicator has collapsed to its lowest level since 2018, signaling an extreme momentum reset. These kinds of compressions in JPM have preceded aggressive directional moves.
If bulls can resolve this coil higher, it opens the door for another up-leg in one of the market’s most important financial bellwethers.
