Bank of America Corporation and JP Morgan Chase & Co. opened higher on Wednesday in tandem with the S&P 500, but selling pressure entered just after 9:35 a.m., when Newsweek released an exclusive report stating a full-scale Russian invasion of Ukraine was likely within 48 hours. Both stocks have been trading in a downtrend since Feb. 10 when Bank of America reached a new all-time high of $50.11 and JPMorgan a high of $159.03, declining about 10 percent and 5 percent, respectively, since that date. Although both are trading in a bearish falling channel pattern on the daily chart, a bullish break could send both stocks soaring. If JPMorgan is able to reverse course, it may have further room to run because the stock may also be settling into a bull flag pattern on the weekly chart. It should be noted that events affecting the general markets, negative or positive reactions …