JPMorgan Retracement Sets Up Key Decision Level | Chart of the Day
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
JPMorgan Chase (JPM), the largest bank in the United States, is often viewed as a barometer for the health of the financial system. When money center banks begin to weaken, traders across the market start asking whether broader liquidity conditions may be shifting.
After an extraordinary multi-year run higher, JPM recently pushed to new all-time highs before pulling back sharply.
The Core Question
Is this just a normal retracement within a strong trend, or the start of a deeper correction?
Let’s look at what the charts reveal.
Since May 2023, ChartPros has published 700+ Chart of the Day posts designed to help traders learn how to read price with clarity and confidence. As markets evolve, so should the way we study them.
Starting in January 2026, Chart of the Day transitioned to a weekly price action analysis format. Each featured chart now includes deeper analysis, clearer structure, and more strategic context.
Fewer charts. More focus.
Consistent profitable investing and trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and a performance oriented execution environment create the foundation for long-term success.
When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
As requested, this analysis takes a pure price action technical analysis approach to assess key levels and potential next price moves.
The 5-Step Charting Process in the NeuroTrading Method®
The 5-Step Charting Process in the NeuroTrading Method® is a structured approach to reading price action with clarity and confidence. This process is designed to eliminate guesswork, reduce noise, and support disciplined execution.
1. Identify Support and Resistance (S/R)
Key levels are marked on the Monthly and Weekly charts, working left to right to establish long-term market structure.
2. Assess Trend Structure
Trend direction is evaluated across time frames to determine whether price is trending, transitioning, or consolidating.
3. Apply Fibonacci Anchoring
Only Fibonacci levels visible on the chart are used, with anchors placed precisely to highlight reaction zones and extensions.
4. Map Change Control Zones and Supply/Demand
Areas where control shifts between buyers and sellers are identified to define decision points.
5. Develop the Trade Plan
Directional bias, levels of interest, risk parameters, and execution criteria are defined before any trade decision is considered.
Stop Overthinking Your Trades. Trade Inside a Performance Environment Built for Consistent Execution.
Watch Free Market Insights Briefing: The Execution Gap Most Traders Rarely Fix
Long Term Structure
Monthly Chart Insights and Analysis
JPM Monthly Chart | Long-term structure, support/resistance, and major price levels
The monthly chart shows just how powerful JPM’s long-term uptrend has been.
Price rallied steadily from the 2020 pandemic lows and eventually reached a peak near $337.25, completing an extended impulse move higher. Following that high, price has begun to retrace back toward prior all time high support/resistance $280, an area many traders are now watching closely.
This level often acts as a key decision point in strong trends. If buyers step in and defend this zone, the broader uptrend could remain intact.
However, a sustained break below this region could open the door for a deeper move toward the next structural support.
From a structural standpoint, the long-term rising trend still remains intact. Until that breaks, the broader trend technically remains bullish despite the recent pull back.
Context Matters
With plenty of volatility traders have had much to be happy with as well as the long term buy and hold investors.
This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.
Intermediate Trend
Weekly Chart Insights and Analysis
JPM Weekly Chart | Recent pullback, Fibonacci retracement, and next decision zone
The weekly chart highlights the sharp nature of the recent pullback.
After reaching the $337.25 high, price quickly reversed and began retracing the most recent impulse move. The decline has already pushed through several short-term levels and is now approaching the impulse Fibonacci 50% retracement zone, which is typically one of the first important areas traders monitor during corrections.
This level could determine the next directional move.
If buyers defend this region, price could stabilize and attempt another move higher toward the prior highs. If selling pressure continues and this level fails, the next logical downside area comes into view near $253.76, where prior structure exists.
For now, the market appears to be testing whether the long-term trend still has the strength to continue.
As always, patience matters more than prediction.
It goes without saying though, the only guarantee in the markets is that price cycles. It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.
Only time will tell for sure what price will do next...
We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.
With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.
The Execution Environment Reflection
Most traders look at a chart like this and try to predict what will happen next.
Successful traders approach it differently.
They identify the key levels where decisions will be made, then rely on a rules-based system to guide their actions when price reaches those areas.
This is the difference between watching charts and developing as a trader.
At ChartPros, the Chart of the Day represents the Observation stage of the Trader Development Ladder.
It is where traders learn to see structure, identify key levels, and understand how markets move.
But observation alone does not produce consistency.
Consistency comes from building rules, routines, and an execution environment that allows those decisions to be made with confidence when the market is moving quickly.
That progression from observation to execution is exactly what the NeuroTrading Method® is designed to support.
Key Takeaway
This weekly Chart of the Day format reflects how successful traders actually operate in a Performance Execution Environment. They do not need more charts. They need better structure, better preparation, and clearer decision frameworks.
Chart of the Day is not going away.
It is leveling up.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
Because You Were Interested in today's FREE Chart of the Day...
You may also be interested in this Free Market Insights Briefing designed for independent traders who already understand price action but want consistent decision-making, discipline, and follow-through under real market conditions.
A ChartPros Briefing on why strategy isn’t the problem and how the right trading environment changes performance.
Watch Free Market Insights Briefing
Designed specifically for independent traders committed to consistent execution.
```