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$ADBE - Watching the 258.50 level after today's push
Been looking at $ADBE all day, that push to 258.5195 was interesting. It's essentially the high for the day, and it's where we saw sellers step in pretty quickly. I'm seeing it as a key resistance point now. If it can break and hold above 258.50 on any retest, it could open the door for a move higher. The risk to that view, obviously, is if it just flat out rejects that level hard again and starts to roll over back towards 250.84.
The volatility today, while not extreme, is enough to keep me cautious. It's not a conviction play for me yet, just a level I'm marking on my charts to see how it reacts if it gets back there. No strong signals for me to do anything just yet.