Enjoying a cup of coffee on a cool day while shorting McDonalds. Technical indicators I have been using for years show strong favor of decline in stock price based on MACD, RSI, and a sell signal that has a track record of being very accurate. Candlesticks also show a down trend. If you look at the latest 3 candles before hitting play, you can see that resistance failed during the 2nd to last candle. While that candle contains a bullish wick, you can see that the last candle fell further below without any wick. Based solely on these candles we can expect a quick jump in price at market open while the overall day we can expect steep decline.
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