JPM Acts Well Technically, and Could Be On The Verge of Upside Acceleration

JPMorgan Chase & Co. (JPM) is pushing up against its 14-month resistance line-- also the upper-boundary line of the of its 14-month sideways channel, which if hurdled and sustained, should trigger upside continuation that projects next towards 68.00.

With 10-year YIELD also pushing higher, towards a confrontation with its next serious resistance zone in the vicinity of 2.30%, there appears to be more upside room for the big money center banks in general, and for JPM in particular.

  Matched “”
x
Try Us Free For 14 Days!
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!