JP Morgan Chase & Co. (NYSE: JPM) reports earnings July 14th, 2016 at 6:45 AM EST. Looking at the daily chart below, you can see price has been hanging out above the 20, 50, and 200 moving averages the past couple days, a strong technical position. Because of this, If I had to pick a direction for $JPM to move upon earnings, I would give a slight bias to the upside. If $JPM does get a boost from earnings, I've isolated an area where I will be looking to short the equity. On the chart, I've drawn in three different trend lines of resistance. Based on these, I'd look to short $JPM anywhere from $64.75 to $66.00. Since it is Options X week, I would favor closer to $66.00 to enter a trade. Larger swings in price than normal are prevalent during the Options X week meaning price often overshoots support and resistance levels.