The yield curve is flattening in hurry with the Turkey crisis and that is baaad for US banks. JPM
is reversing off the top of a well established channel with MACD
confirmation. Downside target of $106 gives a potential 7% return. Do note I am not advocating a straight line decline to the bottom of the range. Moves within channels are generally ABCD
formations so trade accordingly. Other mega US banks like BAC
are exhibiting roll-overs from lower highs with similar risk reward profiles so there are a few options out there.