Disney’s in a nice little spot here to make a big move one way or the other. A valid long swing setup was triggered back in July and it’s since retraced back to spots where it’s holding some support here. If the numbers come out and they’re good, this can start it’s trek back up to ATHs. But if they miss, that 167 level is crucial. Underneath that and things can get kind of ugly. If it were to flush down to that 167 area I would take a shot at the long and think that it’s going to at least give a nice bounce even if it eventually does break and head lower. if it spikes off the numbers then I would probably look to buy dips and join trend.
