MCD looks like an objective short here (or after the FOMC announcement, depending on what desperate actions bernanke & co. do or don’t take to keep juicing the market high).  most notes on these charts but also notice how that channel breakdown on the 2-day period chart coincided perfectly with the recent death cross (50ema crossing below 200ema on the daily chart, which is the same as the 100 & 25 ema‘s on this 2-day period chart).  looks to me that MCD set up in a bear-flaggish pattern shortly after the channel breakdown and could be poised for another leg down soon.  ideal stops would be on a solid move above the recent reaction high of 93.32.

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