JPM Earnings Trade FOLLOW UP

JPM WAS AN EARNINGS PLAY FROM THIS POST from last Thursday. It's made no forward progress since earnings and the 3C charts seen in the original post seem to show JPM under distribution. JPM spent most of the day in the green, but take a look at the closing trade, even as SPY and Q's held their ground into the close when the pros come out.

 Late afternoon intraday trade (1 min. chart)-note the volume rising on the slide.

The 15 min 3C chart has worsened and is now in a new negative leading divergence to the downside.

Personally I think this trade is a hold and is still in good position to establish a new short position.