THE FLAG IS BROKEN. This is a trade I just featured on the short side...
ADBE 30 min 3C and the flag portion...
The daily ADBE chart...Watch volume, it is already increasing. I think this trade can be entered in a number of different ways, including a stop in the flag or phasing in. The target is at least $20 according to the measuring implications of the flag. I don't see anything currently that suggests a bounce.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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