Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, December 27, 2017

MCD Continues Chugging Along

MCD, the new favorite of the slow and steady money crown over the past nine months, continues to work its way higher, slow and steady.


click on image to enlarge



Although MCD is turning upward in this week's bar, it would be better for it to go sideways across its red channel here and then build a solid bullish consolidation on the red line for a few weeks giving it legitimate reason to push higher.


Trade well my friends

Alan




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