Like a lot of tech, ADOBE is overpriced. AMZN, TSLA even GOOG are way overvalued. We know that. But the sell off here is just, too many shares, too widely owned to go up. Earnings were good, ADBE is making 52% of its revenue from the cloud. It should be up, but the market itself is looking kinda toppy here.
I think ADBE will fall to its next level of support, around 64. And I was long before earnings. JMHO, what do you think?