MCD McDonalds Daily Chart

MCD received the negative divergence spank down from both the weekly and daily charts in the Fall. Money flow, however, peaked and was never retested. A rising wedge is now forming which would bring price back up for another test at 78-79. Chairman Bernanke's fast, hot, easy money must be chasing MCD since it has had a good track record and continues to provide happy guidance, thus, the Fed's money may be helping keep MCD buoyant.

The indicators are negatively diverged for the last month so price will weaken in the days ahead, but should once again slowly climb that rising wedge, with support from the Fed, to close out any business on the upper side and clear the way for extended downside in the months ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.