[MCD] update

MCD is still showing strength and thus busted the bearish owl model provided in the backlink.  So now the alternate blue model has become primary. 



If this model is the one chosen by the herd, it is probably peaking today or in the next few days.



Having said that, we could also see this finish off its 5th wave with a huge blow off top as seen below.  This would take the form of an expanding wedge.  The retracement from this kind of formation can be very deep.  If MCD would reach $145 very quickly as shown then it would present a prime shorting / put buying opportunity because the reversal would likely happen quickly with this kind of chart pattern.

A fall below $112 strongly suggests that the party is over.