JPM Bearish back towards 155 if Breakout FailsLooks like its back trying to challenge a break out to new highs
This all depends on rates really.
I guess the anticipation is that rates are going up eventually so banks should too? Just a guess
Banks have led recently, maybe time to cool off and drift back to support
The NFP number this morning gave a hint of how JPM will react in the future to unfavorable data
Just gonna play it bearish looking for maybe a $5 pullback or so over next week or 2
If rates start getting really frisky this trade is done
If it blows through 161.5 I'll be out, might wait for that test before entering
Some sort of diagonal put spreads not sure on specific strikes yet