MCD, VMW update August 22

MCD: we remain bearish on MCD and see possible gap fill in the $102 range. Support is at $111-$108. The black arrows are for the black wave degree (likely major) and the red arrows are Fib-extensions for the red wave degree (one degree less than the black; and thus likely intermediate waves). It is hard to be bearish in a market this bullish, i.e resilient, but we’ll give it a try 😉

mcd

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VMW: new ticker. should at least target $77 on a break out over $73.50ish. May target even much higher to $90 based on the much bigger potential bull flag.

vwm