JPM is an excellent example of the good news and bad news state we find ourselves in.With zero interest rates, banks are doomed as I have highlight before.
JPM is a long way from a real trough.However, the price action is sitting on a weekly SSR support and the $ESA is looking bouncy. Watch out if you are short.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.