Banks Are Sending a Signal — $JPM at a Key Decision LevelJPMorgan Chase & Co.BATS:JPMDailygrind_tradersBanks tend to move first when liquidity conditions shift, and right now JPMorgan Chase is sitting at a level that could determine the next directional move for the sector. With uncertainty around rate cuts and pressure in private credit, I’m watching this closely. ⸻ Technical Setup (The Strat + Structure): •Price is approaching a key support/resistance zone •Potential scenarios: •Bullish continuation: Break and hold above resistance •Rejection: Failure at level → downside move This is where patience matters—let price confirm. Trade Plan: 📈 Bullish Scenario •Entry: Break above $294.04 •Target: $300.93 •Stop: Below recent low 📉 Bearish Scenario •Entry: Rejection at $279.74 •Target: $260 •Stop: Above resistance Why This Matters: If JPM breaks down, it could signal broader weakness across financials and even impact overall market sentiment. If it holds and pushes higher, that’s strength in a key sector. Disclaimer: This is for educational purposes only and not financial advice. I am sharing my personal trading ideas and process. Always do your own research and manage your risk.