MCD Daily The "Confluence Cross" Marking the Spot

Today the "Confluence Cross", Marking the Spot in our last MCD post occurred and we saw $MCD put in a head fake above point #2 just to sucker in a few fresh longs but then to reverse to squeeze these new longs out of there positions. Now we are seeing a shift in pattern  and a 2 day key reversal bar unfolding. In the next coming sessions I expect $MCD to see continued weakness and selling pressure as this move targets $91 for its 1st objective and a break of $91 targets the lower extreme of the range.