Wednesday July 18th, 2018 by Mike Paulenoff JPM Bigger Picture View-- continues to claw its way higher this AM, to a new rally peak at 111.87 off of its most recent pivot low at 102.20 (7/06/18). Let's notice that today's 1.1% upmove has the right look of a thrust above an important 4-1/2 month resistance line at 110.90, which represents a very constructive technical signal that points JPM higher, towards a confrontation with Apr.- June resistance lodged in and around the 115.00 area. At this juncture, only a downside reversal and close beneath 110.00 will compromise the timing to the run at 115.00 next... Last is 111.71/72Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial! * I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com *Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.