JPMorgan investors have enjoyed a nice return of 23% so far year-to-date, with the stock now under the spotlight as the banks kickstart the earnings season tomorrow. JPM’s stock is trading at around $212.93 a share with a likelihood of no significant price movement until after tomorrow’s earnings. At the moment, based from a technical viewpoint, it seems like a possible head and shoulders formation could form. However, the earnings should provide more clarity. With this earnings season expectations being rather higher compared to the previous one, anything less than a better-than-expected earnings report may lead to a sharp decline. The support levels here for investors are $200.63 followed by $190.20. A dip below $190.20 may lead to a re-test of the April low of around $187.45. Towards the upside, there’s minor resistance at the possible ‘left shoulder’, which reads $217.77. A break above it would not immediately suggest that the price will surge higher as the all-time resistance of $225.77 could prove itself challenging, especially as the upcoming US elections could pose a threat of uncertainty. Looking at the technical indicators, they are mixed with a bias towards a bearish approach. The MACD has now turned bearish and the RSI is only slightly bullish as it reads 58, but it’s no longer rising for the time being.