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.
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.
