The market is looking bullish, at least in the short-term, so it’s time to look for some bullish trades should this rally hold. One trade we have on watch today is on a large tech company, a sector that should be at the front of the pack for any sustained rally. Let’s take a look:
Adobe (ADBE), after holding the 320 support level, pushed through both the 325 and 330 marks, which would imply an eventual run up to 350. Should this rally be held for today and into next week, look for ADBE to be our next high probability trade and to push through or to these resistance levels.
Check out the video below for the in-depth breakdown of this trade.
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