LLY: Earnings Play. Current wave iv retracement is at Fib 38.2%

which is typical for waves iv. A great ER could cause a gap and go. LLY is currently is a steeper meltup channel. A good ER will continue the meltup. A bad ER could cause a gap down to the lower channel and the Fibn 50% level. A horrible ER can cause it to drop far enough to meet the HnS target of $91 and the Fib 61.8 level

Comment:

Beats sales and earnings estimates. Raised FY 19 guidance. Up 1% in Premarket.