In my 9:45 post on MCD this morning was looking for a brief bounce and then a break of the flag support, both happened.
Daily of MCD back in the flag-a possible false breakout yesterday.
There's a slight 1 min positive divergence so we may see a little upside.
I would consider MCD as a Swing Short right here, I'd probably fill half a position and the other half on any strength and put a stop above yesterday's high of $86.46.
Failed moves tend to fall pretty fast.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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