Shares of JPMorgan Chase (JPM) continue to fall lower after breaking support last week. The support line was crystal clear and found by connecting the lows from March 2020 and every pivot low since. Truly an amazing trend line. Once this broke last week, JPMorgan was doomed to move lower. The JPMorgan Chase (JPM) downside target price (near-term) is $91.00. This is a gap fill and 61.8 Fibonacci retrace from the March 2020 lows to the recent highs. This will likely be a strong buying opportunity for JPMorgan shares.

JPMorgan Chase (JPM) Downside Target Price is shown below…

(Click on image to enlarge)