DbSG

JPM Weekly Bearish Case in a perfect world :-)

BATS:JPM   JP Morgan Chase
0
Just a hypothetical elliot wave potential if bears maintain control.
Clear resistance on weekly above $57. If this holds JPM should atleast test the ascending wedge trendline.
It might fakeout and bounce from there but unlikely as the stock as had a great run for more than a year now. Some rest is due for sure.
Though Bearish case would be negated if market closes above 1700 and JPM makes higher highs from here

Feragatname

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