American Express earnings are coming up before the open on Thursday. 
 
The company could be poised to benefit from a rebound in travel and dining, as well as its still strong premium consumer contingent in it’s crucial US market. 
 
It’s network volume is forecast by Bloomberg to grow 14% from 12% in the previous quarter which could be faster than its rivals Visa and Mastercard.  
 
Technically, American Express is consolidating into a symmetrical triangle pattern above the 100 and 200EMA on the daily chart and the seasonals are supportive for gains in the second half of August.  
 
Is this a perfect set up for a breakout higher? 
 
 
Major Trade Risks: 
The major trade risk here would be if American Express earnings disappoint and/or if sentiment turns negative for US stocks on more aggressive Fed hiking expectations.  
 
 
Remember, don’t just trade it, but Seasonax it!