All eyes were on Apple's $AAPL earnings after the close of the 4/30 session. Let's take a look at a summary provided by CNBC:Here’s how the company did compared to what Wall Street expected: EPS: $2.46 vs. $2.36 forecast by Refinitiv consensus estimatesRevenue: $58.02 billion vs. $57.37 billion forecast by Refinitiv consensus estimatesQ2 iPhone revenue: $31.05 billion vs. $31.10 billion expected forecast by FactSet consensus estimatesQ2 services revenue: $11.45 billion vs. $11.37 billion forecast by FactSet consensus estimatesProjected Q3 revenue: $52.5 to $54.5 billion vs. $51.94 billion forecast by Refinitiv consensus estimates Apple’s total sales were down 5% from the same period last year, although it doesn’t seem to matter to investors as the stock is up. Guidance for Apple’s fiscal third quarter was higher than expected, suggesting Apple’s iPhone demand machine is stabilizing again and that services revenue continues to grow. In January, Apple cut its first-quarter forecast, blaming slow iPhone sales in China. iPhone revenue was also down 17.33% year-over-year. iPhone revenue accounted for 53.5% of Apple’s revenue for the quarter, which is lower than it has historically been.Even though iPhone sales were down and came in less than expected, overall revenue and earnings beat estimates, and guidance improved. The market liked it, and bought up AAPL from a 4/30 session close just above $200 to open around $210 to start the 5/10 session.AAPL Daily Chart(click to enlarge)Above $200:- I think this earnings report is going to help AAPL anchor above the $195-$200 for 2019.- Meanwhile, we should expect AAPL to be able to climb back to the highs around $230. This scenario should open up even further upside. - A break below $190 would be a major bearish sign and would probably need more than a disappointing earnings report i.e. a sharp contraction in the overall market as well. - For now, we can look for AAPL to continue to rallying, though possibly in a choppier manner as it approaches the $230 high and resistance area.