Traders, investors and analysts are looking forward to Wednesday before the opening bell when JPMorgan Chase ( JPM) is set to report its first-quarter earnings.
Let's check out the charts and indicators ahead of the bank's numbers. 
In the daily bar chart of JPM, below, we can see that prices were stalled from May to December. From December prices turned lower with trading volume increasing on the decline telling us that traders were voting with their "feet" and selling shares. The slope of the 50-day moving average and the slower-to-react 200-day moving average are negative.
The direction of the On-Balance-Volume (OBV) line is down as sellers of JPM are being more aggressive. The Moving Average Convergence Divergence (MACD) oscillator has been bearish since late November.
In the weekly Japanese candlestick chart of JPM, below, we see a bearish picture. After a strong rally from the early 2020 pandemic low where prices more than doubled, JPM rolled over and turned lower. Prices are trading below the declining 40-week moving average line.
The weekly OBV line points down and the MACD oscillator is in a bearish alignment below the zero line -- a sell message.
In this daily Point and Figure chart of JPM, below, we can see a downside price target in the $117 area.
In this weekly Point and Figure chart of JPM, below, we can see a price objective projected for the $110-$109 area.
Bottom-line strategy: When I used to work in New York City at 42nd and Lex in the early 1970s I enjoyed walking down during lunch to the Morgan Library at 36th and Madison -- a lot of financial history there and history lessons.
Price history can teach us lessons too and right now the charts of JPM suggest we should avoid the long side of JPM ahead of earnings. I have no special knowledge of what JPM is going to tell shareholders Wednesday, but I suspect their capital markets traders have not been doing well the past three months as I don't recall meeting any good bear market traders who worked for a bank.
Just saying.
