May 13, 2012

JP Morgan Chase Weekend update


  • JPM Has closed below 50 Week SMA. Price has also give a weekly MACD sell signal.
  • Daily chart is testing 200 Day SMA
  • 20 and 50 SMA has given a bearish cross. If 200 SMA gives support GAP fading might happen. Closing below 200 SMA will extend the fall.
  • S&P 500 ANALYSIS AFTER CLOSE


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