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
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