- Whether JPM can stay above 200D MA. If not, the next immediate support will be $40.923. If this 61.8% FR level support is broken too, JPM will be very bearish and starts the down trend.
- If JPM bounces back from 200D and breaks the 50D MA resistance at about $44.00, the bull will be coming back.
I have entered my JPM SEP 43 PUT position and will be watching very closely these two levels.