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DIS Earnigs this week

NYSE:DIS   Walt Disney Company (The)
4
Chart is telling us there is real risk that DIS will trade lower off earnings. We broke the weekly momentum line last week. Plus we are back near a critical monthly fib zone. We saw lots of issues in TWX, VIAB, and CMCSA this week. Major down movers. DIS ESPN continues to be a thorn in the side. Also, this was the lule quarter for hit movie releases. Guardians of the Galaxy kick off this years movie hits. Lots of reasons to think this will trade lower on earnings.

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