Probably the nicest Elliot pattern

We have been looking at JPM for many years and it always amazes us with its nice pattern. If JPM is to be a proxy for the stock market in general, well we are not due yet for the end of world. Actually we sill have many years to go before dark ages comes back and prove the perennial bears right.

The icing on the cake is gone that is for sure but the bulls are not done nibbling at the cake. Not yet.

Keep an eye on JPM. Always been an excellent proxy for the stock market. Long term that is.