Shares of JPMorgan Chase (JPM) are jumping higher again today. The financial sector has been lagging the S&P 500 rally over the last two months until this week. They are attempting to play catch-up. Based on momentum and technical analysis on JPMorgan Chase, the stock has potential upside to $115.00. With the stock trading at $99.49, this means there is over 15% of upside potential.

While the technical analysis on JPMorgan Chase shows solid upside potential, there is an issue I must raise. The stock market's incredible bounce tells us that the economy will have a V-shaped recovery. However, the fact that yields remain so low in the face of massive printing of money, with banks have lagged until this week, signals an L-shaped economic recovery. This creates additional risk a swing trader must analyze prior to jumping in the technical analysis on JPMorgan Chase bullish signal.

Ultimately, as a swing trader, I will likely look to short the $115 level versus chasing the trade at this point. Just in the last week, JPMorgan is up 20%. That is a hefty premium to pay over a week ago.

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