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JPM Acts Well Technically, and Could Be On The Verge of Upside Acceleration


JPMorgan Chase & Co. (JPM) is pushing up against its 14-month resistance line-- also the upper-boundary line of the of its 14-month sideways channel, which if hurdled and sustained, should trigger upside continuation that projects next towards 68.00.

With 10-year YIELD also pushing higher, towards a confrontation with its next serious resistance zone in the vicinity of 2.30%, there appears to be more upside room for the big money center banks in general, and for JPM in particular.

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