Monday July 16th, 2018 by Mike Paulenoff JPM-- Our Model Portfolio entered a long position at 108.05 this morning, after JPM pivoted sharply off of 106.00, preserving last Friday's post-EPS pivot low at 105.14. JPM has since continued higher, climbing above its prior rally peaks at 108.60 (7/13) and 108.40 (7/10), to an intraday high at 110.14 so far. We entered the long position largely in expectation of an upside breakout from JPM's month-long accumulation pattern in the aftermath of a correction from its Feb. high at 119.33 (see attached chart). My next immediate target is 111.00 in route to 114... Last is 110.10/11Mike 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.