Looking for $SPY to find resistance at the $315 zone with risk to the $300 level. However, a new high would invalidate play.
$SPY possible UTL next target zone of $315
Not expecting this to play out for some time and if it is acquired before hand than it would negate its potential downside. However, looking at technicals I would say this is breaking down and if momentum picks up, then I would say at worst case scenario it prints $75. Will revisit late summer.
$ADBE long term chart looks terrible. I would say if this goes then can indicate software for business is slowing and not an indication of a growing economy. Will check back after summer rally to see.