Shares of Disney (DIS) fell sharply during the 9/7 session, breaking below a consolidation range and breaking below the 100 handle. The sharp sell-off came after CEO Bob Iger said that earnings per share will be "roughly in-line" with what Disney generated in 2016. (cnbc.com). Disney (DIS) Daily Chart(click to enlarge)Downside:- The daily chart shows that the sell-off is extending a downtrend since April from 116. - We can also see that there is a common support area around 90. - We should probably stay away from the current bearish momentum and monitor DIS as it approaches 90. - From 90, I think there is at least a 10% upside back towards 100.