AUTOMATIC DATA PROCESSING, INC. NASDAQ:​ADP

Market is turning bearish again and ADP looks like it has completed a counter-trend rally to the 78.6% retracement level. ABCD downside projection of $128, -c.12% with stops placed within 3% of current price; 4:1 risk reward ratio.

If the price bounces to $ 141.44, it'll continue in phase 2, but I think it's starting phase 3 because the RSI is down and the force of sale takes more than 2 years.

I don't have a price target for ADP but it is interesting to see the resistance at $140 and the lower lows with a negatively diverging MACD. This is ultimately a bearish pattern.

Today's statistics on the US labor market may well disappoint. At least, this is indicated by data on the level of employment in the private sector from ADP. With an average forecast of experts in +190K, in fact the figure was +177K. Overall, there is nothing terrible in this figure. By itself, it is very, very good. The problem is that the States have become a ...

Looking at these levels

This presented as a low risk trade, Love these ebb and flow of trending price action

#ADP BUY PULL BACK #PROJACK

looking for a pull back into support and buy signal for a long entry!

When low beta moves, OTM options plays can be very rewarding.... weeklies and monthlies at play here

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Might get a bounce on support if we hold it. good opp. to go long

Targets : Citigroup 118 / Barclays 121 / GS 135

Ascending Triangle

Lets see where this goes. If i were to Purchase, I would wait for it to come back to the upwards trendline, go long, and trail my stop loss with trend line because I don't like the Stoch divergence. ALWAYS Let price come to where you want it before taking a trade. BE PATIENT and wait for the right set ups. make sure you see a high probability trade before you take ...

Engulfing bullish candlestick in ADP.

CHECK OUT A POSSIBLE BEARISH TRADE

ADP on the way to new highs at the break of 117.50

I would prefer just watching the show. https://www.cnbc.com/2017/10/04/bill-ackman-says-adp-shareholders-are-saying-yes-to-proxy-fight.html