Bull's Eye $JPM

I tracked JPM for about two days, when I first saw an initial rising wedge. I decided to observe it after the reversal observed in XLF. It was a good call. When I started observing it, the strike price for a $340 call for 6/26 was $0.80 and on 6/25 it reached a high of $343 sending the price of the contract up to $2.80 at some point. Let's look at the chart:

So the rising wedge I had been looking at since the 23rd did hold and broke before the expected time. This would've been a great contract. I think moving forward, after running my analysis on the sectors, I'll drill down to the individual ones and observe their price change and volume, plus the charting.

Tomorrow is Monday, and while I don't feel like trading tomorrow for personal reasons, but mostly because there was another attack on Iran after closing time on Friday, I'm not sure what to expect on a Monday.

If I were to consider the above without the news of the attack, then I'd say that I'd expect XLI to reverse, XLY is a 50/50 for me at the moment so could go both ways. While XLV has had a great run, and it is looking great overnight, I'm also seeing the end of the rising wedge. Again, I don't feel too comfortable trading in the morning, and part of it is due to the lack of preparation and the news.

I'll monitor the market in the morning, if XLI, XLY, and perhaps XLK perform positively, then I'll look into them if I get the chance. Until tomorrow clears, I will not touch anything abruptly.