Thoughts on $ADBE around 270
I'm watching $ADBE closely here, specifically the 270 level. It's been a tough resistance point for a while now, and we've seen it reject multiple attempts to break through. Today's push, touching 270.16 before pulling back a bit, looks like another test. To me, a sustained close above 272-273 would signal a potential shift in sentiment, perhaps targeting the previous highs in the 280s.
However, if we see a clear rejection from this area again, especially with increased volume, I'd expect it to retest the 260 support, possibly even down to 255. The risk to any bullish scenario here, obviously, is a failure to hold above 265, which could quickly bring those lower levels into play.
I'm with you on that 270 level for ADBE. It's been a brick wall. Do you see any specific catalysts on the horizon that could give it the push needed to clear 272-273 convincingly, or is it purely a technical play you're watching?