JPMorgan Chase $JPM Nearing Major Support

Shares of JPMorgan Chase (JPM) are hammering on major support at $105.00. Not only is this a former pivot low multiple times in the last six months but it is also the daily 200 moving average. JPMorgan is a buy as long as it holds $105.00. If it breaks $105, there is significant downside, so exit immediately. Next stop would be $94.00.