$JPMorgan Chase(JPM)$ $Citigroup(C)$  $Financial Select Sector SPDR Fund(XLF)$  🏦💥 JPMorgan Earnings: Can the Banking Giant Break Its Four-Quarter Earnings Curse? 📊🚀

Earnings season officially begins on July 14, and all eyes are on $JPM as Wall Street’s biggest bank sets the tone for financials.

The options market is expecting fireworks, pricing in a ±4.7% move after earnings. That’s almost double the average 2.4% post-earnings move over the past eight quarters. Expectations are clearly elevated.

Here’s what the market expects:

💰 EPS: $5.49

💵 Revenue: $48.7B

Despite trading just below record highs, one fascinating statistic stands out.

$JPM has finished lower after each of its last four earnings reports, even when results were strong. It is a reminder that great earnings don’t always translate into immediate gains when expectations are already sky high.

From a technical perspective:

🟠 Major resistance: $335.75

🚀 Strong earnings beat could open the door towards $352

⚠️ Disappointment could see price revisit $329, with $318 the next major support level

The broader financial sector is also flashing a bullish signal.

The Financial Select Sector SPDR ETF ($XLF) has just formed its first Golden Cross since December 2023. The previous Golden Cross was followed by a remarkable 36.3% rally before the next bearish crossover, suggesting momentum may once again be building beneath the surface.

Key earnings this week:

📅 Tuesday

🏦 $JPM $BAC $WFC $GS $C

📅 Wednesday

⚙️ $ASML $BLK $MS $JNJ $UAL

📅 Thursday

💻 $TSM $NFLX $UNH $ABT $ISRG

Fun fact: JPMorgan Chase is America’s largest bank by assets, managing more than US$4 trillion. Jamie Dimon has successfully navigated the Global Financial Crisis, COVID-19 and the regional banking turmoil, making every JPM earnings report one of the market’s most closely watched events.

Volatility creates opportunity, but only for those with a plan. This week could set the tone not just for financials, but for the broader market.

❓👉 Do you think JPM breaks its four-earnings losing streak, or will another strong report become another “sell the news” event? Which earnings release are you watching most closely this week?

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