JPMorgan Chart Gurus Say Don't Get Too Excited About This Rally

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Open up your umbrellas, because JPMorgan Chase & Co.'s technical analysts are raining all over today's stock-market parade.

The bank's Jason Hunter and Silvia Seceleanu have a note out saying that the tight trading range in which the U.S. equity market has been trapped this year could give way to a period of weakness heading into the fall.