JPMorgan breaches current support - Analysis - 12-12-2018

JPMorgan & Chase's stock kept falling in the short term, leaning on the support of 100.48, which represents the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 81.64 to 119.33), with negative pressure from the 50-day SMA. 

Therefore we expect more losses for the stock, especially if the support of 100.48 was breached, targeting the next one at 96.03, which represents the ratio 61.8% of the same retracement levels. 

Expected trend for today: Bearish