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Is JPMorgan Trying To Tell The Market Something?

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J P Morgan Chase & Co NYSE:JPM, SPDR S&P 500 ETF ETF:SPY - Is JPMorgan Trying To Tell The Market Something?

We all know that Jamie Dimon, CEO of JPMorgan Chase & Co. JPM 2.53%, gave the overall market a huge psychological boost when he purchased $25 million worth of his own stock in mid-February. At that time, the issue and the broad market were staring into the abyss.

JPMorgan was in striking distance of breaching the major support of $50 that held on several different occasions going to back to mid-2013. The S&P 500 index was on the precipice of breaching the 1800 level, which has stood as major support since May 2014...


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