A couple of weeks ago, we noted that Disney Co. $DIS was falling sharply, but also proposed that it will find support at or above $100. Disney (DIS) Will Likely Find Support Above $100 Since then, price has indeed come down to almost $100 before finding support. On the daily chart below, we can see that the rebound was very sharp, and price is already pushing at our $110-$112 target. DIS Daily Chart (click to enlarge) Target/Resistance:- We were looking for a rebound for a little more than 10%, and that is exactly what the market has done so far. - Price is now testing a previous support/resistance pivot area in the $110-$112 area. - If price finds resistance here, and the RSI turns down before clearing above 60, we should have more confidence on the downside in DIS. Bullish Scenario:- In the event that price pushes above $115, I would consider the bullish continuation scenario, but still be cautious of overall market risk, which can continue to drag DIS back towards the $100 handle if not lower.Bearish Scenario:- In the event that price does consolidate and correct lower, we can anticipate a bearish target around the $90 area, which represents a common support area going back to 2015.Conclusion:- I think DIS would be bullish if the overall market was at least sideways. It is possible that the overall market is turning sideways after the last few months of downside. - But for now, I think its premature to anticipate the bullish scenario in DIS. - Instead, I would still respect the resistance around $112, and prepare for further downside towards the $88-$90 area, where I would have dry powder waiting to buy. DIS Weekly Chart(click to enlarge)