DIS hits a wallSince its November peak, DIS seems to have formed a trend line of resistance (red) after being tested a 3rd time yesterday. Any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its importance. The DIS trendline of resistance currently sits right around $100-01. A break above that line should mean higher prices, overall, for the stock. On top of that, DIS also has a key price level at $100 (green), which the stock has recently broken above, that should now act as support. At some point, either the key level of $100 or the down trendline of resistance will have to break.The Tale of the Tape: DIS is currently stuck between a down trending resistance and a key level of support at $100. A break above that resistance should mean higher prices for the stock, thus a long trade could be made. Short traders might look to enter a trade at the resistance or on a break of $100.Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or do you want to be in the market at all? If you haven’t thought about it, review the overall indices themselves. For example, take a look at the S&P 500. Is it trending higher or lower? Has it recently broken through a key resistance or support level? Making these decisions ahead of time will help you decide which side of the trade you believe gives you the best opportunities.No matter what your strategy or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key!Good luck!Christian Tharp, CMT@cmtstockcoach