Traders are waiting on pins and needles for the March Fed meeting and press conference tomorrow and during these days you can hear a pin drop in the market. Not much happens until the press conference where Jay Powell will undoubtedly disappoint and the markets will go wild for a few minutes. No big deal. The Fed tries its best not to move markets but it always does. The June meeting is when the fireworks will start because by then the data will be more clear on the recovery and we should hear more details on the dreaded plan of raising interest rates. In the meantime, let's chart Apple. Apple is the largest company by market cap in the world. Simply put, there is no other Apple. Fundamentally, the company is strong with iPhone revenues going up, Service revenues going straight up and wearables and accessories growing as well. With a net cash balance of $83 billion, the potential of this company is off the charts. The chart says that #AAPL is in a broadening wedge pattern. A broadening wedge is usually a bearish reversal pattern, IF the stock fails through the lower support line. In this case, #AAPL has hit the lower support line 3 times since September and has bounced off of it every time to go higher. This is bullish. If the stock can break through the upper resistance line, north of $150, then it's off to the races well into the $200 range. A trade setup is actually quite simple. Entry on a break higher of the or 8 or 21 moving averages lines (pink and orange) as a signal of further strength, like now . Add a stop in the $120 area to protect downside in the event of a break lower. The risk/reward ratio is good, considering the stop loss order would be less than 5% from the entry and the price target is around 35% higher from here in the $160 range. With the stock going down 20% since February, we might not get a better time to get into or add to a position in the most successful company in the world. Disclosure: #AAPL is a #StockPRO holding.