#MCD
Bulls are testing the resistance 254.10. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss is over …
The general trend is ascendant. The descendant truncated structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence.
Trading idea:
Buy when level 105.043 is breached.
Stop-loss: 104.155.
Target levels: 105.654; 106.371.
News of the day, Friday, July 1
European stock futures are lower today as investors are worried about the global economic outlook. The DAX futures are 0.9% lower, the CAC 40 futures dropped 0.7%, and the FTSE 100 futures fell 0.5%.
The U.S. dollar is higher today near the highs …
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