$DIS TOP 20
Added 2024-07-06 17:04:00 +0000 UTC$DIS has still not shown signs of reversing this week and the price remains below the 200 Day MA but above the 0.618 Fib and the red channel line.
So I am expecting a test of this confluence level at $96, considering the 200 Day MA was not held as support.
Price will need to hold this level, back into the red channel will show weakness.....but we have seen this with sector leaders lately: $NKE, $SBUX, $MCD etc
I would be surprised if support is not found on the 0.618 Fib, considering the formation and the already strong pull back and yet, very little has changed.
