trade idea

Trade Idea: $ADP 2/2/2021

by | Feb 2, 2021 | Trades


Trade: Bullish

Pivot: 170.87

Edge: $ADP has a daily slingshot squeeze.  We also have a squeeze on the 2 hour chart which usually helps fire off the daily.  If we can break thru that trendline we should see a nice move.

Above the Pivot

R1  172.62    R2  176.56    R3  179.24  R4  184.66

A close below the pivot and we will exit the position.

Options Idea: Feb 19th 175c

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