This remains a fast market. There are countless setups across the board, but the shorter-dated ones have been the most profitable recently.
As long as the index remains rangebound, we increasingly want to lean into
Here’s today’s standout:
Adobe Corp $ADBE is currently exhibiting a Squeeze Score of 84.4.
Here's what the chart looks like:
Adobe is setting up in one of our favorite patterns—undercutting a key support level before scooping higher.
Price is now pinned near its 2022 lows as volatility on the Strazza Indicator continues to compress.
These are the kinds of setups that have been working across the software space over the past two weeks, and it’s exactly the type of pattern Steve would trade in his newly revealed strategy Wave Trader.
