Indices 10/04, page-198

I think Jamie just gave Charles some exit liquidity...

However here's a few levels to watch

JPM boosts over $139 then bulls crack open the champagne...

$135.50 is most realistic level to watch going off pre-market - I'd expect a reaction off this price initially but bulls need this to hold.

$133 is major level - if that can't hold then bears are back in business - big time - and I'd expect a test back on $129 from there.

And if you want to know THE most important level (most traded price) of the last 12mths - it's actually almost bang on last sessions closing price, that's right, $129 (funny that).

So obviously $129 is the LIS for bulls to have any chance or else we really may just see GFC 2.0 (and I'm not saying that lightly)

Not expecting these levels to play out all in one session but I think there'll be plenty action in the banking sector over the near term so watch this space.

Definitely some good opportunities for those playing both sides of the market...