American Express (AXP) Chart Analysis

Monthly chart shows DT (double top) and break of prior small LIS at $51.27. The move up from the $21 low is in a 3 wave pattern into the DT. IF the top is in, THEN we could retrace the move up, and eventual downside target is the $28.55 range.

Weekly chart shows a close right at a LIS. Price tagged the .382 fib level and right at the UTL (uptrend line) drawn. Let's see what kind of follow thru, if any, to the downside we will get for the coming week.

We have a blue ice failure pattern in place. Let's see how far it goes before retracing. Friday ended with a spinning top type of candle pattern. Price is currently trading below all moving averages.