Thursday, 24 September 2015

DIS - increasingly weak

With US equities remaining broadly weak, Disney (DIS) continues to roll over, settling -0.9% @ $100.65 (intra low 99.24). Near term outlook sustained action under the $100 threshold, with the $90 level very viable if sp'1820.

DIS, daily

DIS, monthly


Little to add.

Like in early Aug. DIS is a pre-cursor warning for the main market.

Further downside looks due.

*I would consider going long DIS in the 90/85 zone in early Oct'.