Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, December 30, 2015

DIS Showing Huge Double Top

DIS has had an amazing run as it has shifted into steeper and steeper up channels but now however, it is showing a huge topping formation that feels more than a little ominous.

click on image to enlarge

In the upper chart I have drawn its neckline with the thin blue line.  There will be a lot of short orders set just below that line.  The lower chart (weekly bars chart) is comically overextended.

Trade well my friends


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