Couple of things to note here on the JPM chart:
1) HUGE head and shoulders pattern in place, but needs to clear $49.70 to confirm
2) Downward ascending trend-line is broken off of the July highs. Could negate the H&S pattern.
Right now the head and shoulders pattern may be compromised, especially if price can get over $54.00 It has already broken the downtrend which I consider to be troublesome for the bears.
Here’s the JPM technical analysis:
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