Bullish Channel Break During Market Rally

Technicals:
Looking for break out of upchannel and a pivot off previous high at ~116.28 (red arrow). Price has been respecting its MA's after bouncing off the 200. MACD pinched after retest at the 20 MA. Breakout option shown in green; next price target out of the upchannel at ~119.

Fundamentals:
https://finance.yahoo.com/news/jpmorgan-cfo-emerges-contender-succeed-130000904.html?.tsrc=rss

http://finance.yahoo.com/r/bc2c3e78-600e-3d71-aeb3-5fbb4080790b/retail-global-lending-key-for-us-banks-amid-rate-hikes?utm_source=yahoo&utm_medium=feed&yptr=yahoo&.tsrc=rss

For the complete technical analysis on this swing trading set-up, click here: https://compoundtrading.com/swing-trading-periodical-contact