Walt Disney Company (The)

$DIS Bearish set up into 1/6/2022 Post FOMC.

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Disney has broken a key support that it has had since early/mid December on the 1 hour. This coupled with a bearish triangle forming could see a clean break under 154.26 if SPY also continues to fall. Under that there is thin price action and the next price target would be 152.47 and under that is 151.39. Puts under 154.26 here with relative strength for the day and SPY confirmation.

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