As the chart in todays post highlights Jeffries (JEF) may be the next brokerage firm to struggle. After scoring a major top (orange dotted semi-circle) shares then broke what had been longstanding support (double red lines). Once broken this support became a big resistance zone which shares then subsequently failed at on its recent snap back rally. Of a more critical note is the fact that JEF shares are tesitng a longer term trend line (green line) for the third time in a relatively short period of time. The high frequency of trend line tests in such a short period of time suggest that a likely trend break is coming soon. A close below $ 14.00 would be a crucial breakdown and suggest a move to the $ 10.00 to $ 9.00 region.