WATCH JP Morgan(critical Point)

JPM is in a critical state as seen by it resting at its Fibonacci support. It can either break to the downside, allowing for a entry at 140 or it may reverse. In order to conclude the direction that this stock is going, watch the daily and weekly for a turnaround via the MACD. A reduction of bearish momentum within the weekly and bullish momentum within the daily suggest a reversal.
-Bullish Price Target 160
-Bearish Price Target 140