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themarketzone

Broke below major resistance zone - Outside Bar

Short
McDonald's Corporation (NYSE:MCD)  
themarketzone Updated   
NYSE:MCD   McDonald's Corporation
MCD SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) falsebreakout structure
6
0
mcd spy spx falsebreakout structure
Pay attention to 124$, a resistance zone that was broken after a huge weekly False Break.
Price is below the Fast SMA line (bearish confirmation signal) and unless Brexit will deliver a strong rally, I expect MCD to continue lower

Tomer, The MarketZone.net
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Comment:
Re-testing resistance zone
Comment:
Resistance zone confirmed again. Looking for continuation now
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