JP MORGAN Hit the top of 17-year Resistance. Correction ahead.JPMorgan Chase & Co.BATS:JPMTradingShotJP Morgan Chase (JPM) has been trading within a 17-year Channel Up since the early 2009 bottom of the U.S. Housing Crisis. This week, the market hit the top (Higher Highs trend-line) of that pattern and the strongest long-term Sell Signal just emerged. The 1W RSI has been trading under the same Lower Highs trend-line that initiated strong corrections within this pattern of at least -24%, all of which breached below the 1W MA100 (green trend-line). The 1W MA100 has been unbroken for more than 3 years (since June 2023) so a correction below it would rebalance the market and come as a natural technical consequence of the non-stop rally since the September 2022 bottom. As a result, a minimum -24% correction would hit $275, which is our Target on the long-term. If the market outlook and economic fundamentals worsen more, a 1W MA200 (orange trend-line) test would even drop the price to $250 but at this point any lower would be unlikely without a major catalyst (in which case the 0.382 Fibonacci retracement level would be the most likely candidate). --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇