McDonalds (MCD) while I’m a Yuuuuge fan of the 24 hour breakfast menu, I utterly detest the chart of MCD as it currently presents itself.
You have a massive head and shoulders pattern that you will see in the chart below. The chart is absolutely perfect and it is unfolding before our very 
own eyes. it is textbook people.
The problem is that this market is a very dull market, so unless there is a change in the character of the market from the way it is behaving right now, you can’t expect much help any broad based market moves.
And if you go back far enough, you have a massive gap that has been left unfilled. So I see this recent streak of bearishness in MCD to continue at least until the $105-110 area is hit.
Oh, and that neckline I’ve drawn below? Its confirmed. So the the neckline now will act as strong resistance going forward.
Here’s the breakdown:
Welcome to Swing Trading the Stock Market Podcast!
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In today's episode, I explain whether it is a good idea or not to rapidly increase the size of your portfolio if you come across a sum of cash. A lot of traders will do this without ever recognizing the emotional toll it can have on you as a swing trader and the awful mistakes you can make in doing so.
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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