$AAPL Earnings Set-Up

$AAPL reports earnings Tuesday August 1st After the closing bell.

$AAPL comes into tomorrows report bumping up against long term trendline resistance.  The reaction to tomorrows report will likely dictate the price action for $AAPL for the rest of 2017.  A break above resistance puts $160+ into focus.   A break below sets the stock up for a 30%+ correction to long term support.





Some of the recent post earnings price reactions:


The market is expecting a 4% move either way.  I think we will get a bigger move than that.  Since 2014 the biggest reaction has been 6%, and I think this report will spark an at least 6% move.

I'm going to wait until later today or possibly tomorrow to get into a trade before the earnings report.  I'll let you know in the #toppicks room when I make it.


Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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