If JPM doesn't reach $55 or more in the next few days, that would create a head and shoulders pattern with the right shoulder being lower than the left and that only means this is going down!!! Keep your eyes open. My opinion!
Even with todays up day the pattern still is intact, should roll over by end of the week
It may be so on the technical side and go lower to 43 (target of HS reflection), but fundamentally I don't think it will. It'll be a bargain at 200MA (50).
Head and shoulders pattern still on track, so far so good....Down on high volume, another bad sign .
Sentiment: Strong Sell