JPMorgan Chart - Head And Shoulders Pattern

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JPMorgan Chart - Head And Shoulders Pattern

By David Spurr on December 1, 2008 | More Posts By David Spurr | Author's Website

JPMorgan (JPM) is has retraced its head and shoulder pattern back to the neckline. The H/S setup is within a larger broadening formation. Also check out the weak volume to the upside on the retracement. If we get a strong rally this week, this could present another nice shorting opportunity.

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