Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, December 30, 2015

MCD Has Developed a Rising Wedge

MCD has been declining over the past few years until a bottom bounce and breakout this past summer.  More recently its trading has tightened into a rising wedge.

click on image to enlarge

No sign of weakness yet but remember that the nickname for a rising wedge is an exhaustion wedge.  

Trade well my friends


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