rlim

$DIS breaks below 104 in large volume

NYSE:DIS   WALT DISNEY COMPANY (THE)
15 0 0
Because $DIS broke below 104 in large volume today, I should be bearish
However, the general market dropped 1.6-1.9%, so I am not surprised $DIS was included in the sell off.
Unless there is a continued sell off in large volume , I think there will be support around 101.80-102, or 101 if 101.80 doesn't hold.
I am not sure there is enough touch points for 102.75 to be a support.

I don't think $DIS is a bad company to go long in, just right now doesn't feel like a good time.


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