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JPMorgan Chase & Co.  (NYSE:JPM)
Posted on October 20, 2011 at 06:59 AM EDT




JPMorgan Chase & Co.  (NYSE:JPM)

Technical Features:

A:  Support at $15.
B:  Resistance at $35.
C:  Resistance at $50.
D:  Downtrend.

Technical Analysis:

The break of the $35 level confirmed the JPM downtrend (D).  The next target for the downtrend (D) is support (A) at $15.  Any bounce up will have problems with resistance (B) at $35.

Summary:  Sell.

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