JPM shows solid fundamental momentum, and analysts expect stable performance next quarter. Moreover, consensus projects revenue near $40B and EPS around $3.50 – $3.70, supported by steady credit demand and lower loss provisions. Therefore, the market views JPM as a strong player in corporate and consumer banking, which keeps the bullish narrative intact.
Then, analysts highlight that JPM could finish 2026 with moderate growth and a return on equity near 17%. Additionally, projections suggest the stock should remain firm above 280, since that level aligns with your Elliott Wave impulse outlook. Finally, the fundamental backdrop reinforces the technical expectation for continued upside.
Elliott Wave Outlook: JPM Weekly Charts May 2026
In that update, we adjusted the count and declared wave (1) completed in September 2025. From that point, the market began a flat correction as wave (2), which ended at the 279.10 low. As long as price stayed above that level, we favored the bullish rally. Even so, the scenario remained uncertain because wave (2) could still be incomplete.
If that happened, the market could follow the blue path. That view said wave (1) ended where we marked wave B, and the market was still forming wave (2). Only a break below 279.10 confirmed that scenario. Until then, we kept the aggressive view, which became confirmed once price pushed into new all‑time highs.
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Elliott Wave Principle Behind the Market Structure
Impulse
An impulse is a clean 5‑wave pattern that drives the trend forward.
- Waves 1‑3‑5 are strong and directional.
- No overlap between waves 1 and 4.
- Wave 3 is usually the strongest.
- Structure is clear, with increasing momentum.
Elliott Wave Outlook: JPM Weekly Charts August 2026 
The market broke above wave B, confirming the extension of wave ((5)). Moreover, that breakout places us inside wave (3) of ((5)). This structure gives investors confidence because price must stay above wave (2) to extend the impulse.
Additionally, we do not expect pullbacks like those seen in 2025. What matters now is the bullish trend, not strong rallies, but steady consolidation that shapes five waves to complete wave (3) of ((5)). We may remain in that pattern through the rest of the year.
Finally, we will consider wave (3) finished only after a correction near ten percent, which should form wave (4). The position remains in hold as long as the setup stays intact.
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