Ensof0112

JPM Weekly Bearish Case in a perfect world :-)

BATS:JPM   JPMORGAN CHASE & CO
144 0 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
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