The Most Important Chart in Financials 🌤️ The Morning Print
Good morning!
So goes Financials, so goes the market.
And right now, JPMorgan Chase ($JPM) is testing the lower boundary of this potential intermediate top.
Let’s take a closer look.
JPMorgan Chase has been carving out a multi-month top and is now testing a key confluence of support at its pivot lows and the AVWAP from the April low.
If $JPM can stabilize here, it could offer some relief for Financials.
But a decisive break would likely shift the path of least resistance lower.
When bellwethers in critical sectors start losing support, it often signals a shift in risk appetite.
This is one of the most important potential tops in the market right now.
Will this banking leader hold the line?
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