Adobe (ADBE) retreated from MA50 and the 6-year light blue uptrend line. If it fails the purple horizontal line, it would at least drop to the 50% retracement level around $385.
Also, more than 400 stocks failed MA50 today, including V and KO. Click the link below to view them:
360miq.com/screener?market=NYSE%20%2B%20NASDAQ&ma50=Close%20cross-under%20MA50
360miq.com/stockinfo?code=ADBE
