It is probably wise to sell
JPM JP Morgan shares after a strong rally.
We could be seeing a double top, and is due for a correction or hard sell-off.
I think most of the banking sector is in trouble, and that will be coming to light in the next few weeks.
Sell JPM and the US Banking sector in General as it looks like the Long Financial Trend could reverse soon.
You may want to go long on
FAZ, a 3x leveraged Financials Bear ETF as a hedge if the Financial Sector starts selling off.
We could be seeing a double top, and is due for a correction or hard sell-off.
I think most of the banking sector is in trouble, and that will be coming to light in the next few weeks.
Sell JPM and the US Banking sector in General as it looks like the Long Financial Trend could reverse soon.
You may want to go long on
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.