The Walt Disney Company $DIS has been in a triangle consolidation since 2015 after price retreated from just above $123 a share. After falling back to $86.25 a share in 2016, price started to swing back and forth, forming the triangle that we see in the weekly chart below.DIS Weekly Chart(click to enlarge)Triangle Support:- The daily chart shows DIS testing the triangle support around $98 a share.- Now, price has broken below the 200-week simple moving average (SMA), and has been holding under it. This is not a good sign for bulls.- The RSI doesn't really show us any directional momentum. - The daily chart below shows that DIS is also below its 200-, 100-, and 50-day simple moving averages (SMAs). The recent rejection when price tested the SMA cluster as resistance is a bearish sign.- Also, the RSI shows some bearish momentum in the daily chart.- At this point a break above $102.50 would be needed to open up the bullish outlook.- It looks like we should not rely on the triangle support. A break below $98.00 might push price down to $86.25 low from 2016. Disney Daily Chart(click to enlarge)