Today an interesting set up regarding JPM developed. It is breaking from its negative trend. IMO, this is a good indicator to the broader financial sector.
The 20SMA was clearly a resistance point, and today if this set-up holds, JPM will no longer be in that down-trend. JPM looks to be a buy right now, and the next level of resistance is around high 40-low 41.
(I am playing the anticipated push up within financials via GS and C, and am using JPM as an indicator.)
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