Automatic wave scan: as of 6 Nov 2026, the automatic daily count for JPMorgan is Wave 4 bounce in a downtrend (possible diagonal) with a bearish bias. The count stays valid while price holds 366.50.
Current JPMorgan wave count
Automatic wave scan Updated daily from the latest daily close (4 Nov 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 4, a pause of a five wave decline that began at 366.50 on 13 Aug 2026. Next levels to watch are 358.18 and 361.93. The count fails on a daily close above 366.50.
Key levels
| Type | Levels |
|---|---|
| Resistance | 366.50 |
| Support | 326.40 · 344.36 |
| Invalidation | 366.50 |
What is JPMorgan?
JPMorgan Chase was formed by the 2000 merger of J.P. Morgan & Co. and Chase Manhattan, with roots going back to 1799. It is based in New York City and operates in consumer banking, investment banking, asset management and markets.
JPMorgan usually reports earnings early in each results season, so its numbers often set the tone for other banks.
What moves the JPMorgan price?
- Interest rates: Net interest income depends on the gap between lending and deposit rates.
- Economic growth: Loan demand and credit quality follow the economy.
- Trading and deal activity: Investment banking fees vary with markets.
- Regulation: Capital rules affect buybacks and dividends.
- Credit losses: Rising defaults reduce profits.
How JPMorgan moves in Elliott Wave terms
JPM has shown long, steady uptrends with corrections that often line up with banking stress, such as in 2020 and early 2023. Its waves often follow the XLF financial sector ETF.
Bank stocks can drop sharply on credit concerns, so wave 2 and C declines can be fast.
Tips for counting JPMorgan waves
Compare with XLF and the 10-year Treasury yield. Quarterly earnings reports often start or end a wave. Price gaps after results can skip over levels, so place stops with gaps in mind.
JPMorgan key facts
JPMorgan Elliott Wave FAQ
Why do bank stocks follow interest rates?
Banks earn the difference between what they charge on loans and pay on deposits, which changes with rates.
Is JPMorgan the largest US bank?
Yes, by total assets.
When does JPMorgan report earnings?
Usually in mid January, April, July and October, near the start of each results season.
Sources and further reading
- JPMorgan Chase filings (10-K and 10-Q) (U.S. Securities and Exchange Commission)
- JPMorgan Chase Investor Relations (JPMorgan Chase)
- JPMorgan Chase (Wikipedia)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
