The big banks appear to be setting up for a bigger move here.
I am already long in JP Morgan (JPM), but all four of these charts are posting solid reward/risk ratios with the potential to break higher any day now.
Take a look at each chart, you’ll see that over the past two months these charts have all formed a inverse head and shoulders pattern of some kind.
This is the industry – the Banks – that you should be keeping your eye on right now, because if these four stocks break out they are taking the whole market with them.
Here’s the proof in the pudding:
Goldman Sachs (GS)
Citigroup (C)
Bank of America (BAC)
JP Morgan (JPM)
