McDonald's Corporation
Short

MCD Short (pt. 2)

124
The 50 SMA has crossed the 20 SMA for what appears to be setting up a minor "death cross". Typically when this happens, a new trend is about to begin and in this case we are heading to the downside. The Fibs lining up with previous supports or resistance usually confirm the Fib Retracement and the 1.618 seems to align perfectly with the $236 support. Shorting until then.

Not financial advice

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