Thoughts on UST retesting recent highs by month-end?

asked by u/petralukic · 14d · 5 answers

Been watching the $UST action closely today, seeing it push up to 41.6006. It's got me wondering about the probability of us retesting or even breaching that 41.61 high from today's range by month-end. I'd put the odds around 60/40 in favor. The general market sentiment seems to be finding a bit of footing, and while we're not exactly in a roaring bull, there's enough latent demand in play to push those levels if we get even a slight continuation of this momentum. What are your thoughts? Anyone seeing anything in the options chain or volume that suggests otherwise?

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Top answers

  • u/diaz_manuela· 11 pts· 13d

    It's an interesting thought, especially with the current market finding some stability. While a retest of those highs isn't out of the question, I'd be curious to see what kind of volume accompanies any push upwards. Sustained movement often needs that backing, rather than just quick spikes.

  • u/karim.karimi· 5 pts· 14d

    It's interesting to hear your take on the retest. I'm new to UST, what kind of indicators or market sentiment do you usually look at to gauge these short-term movements? I'm trying to learn more about how to assess the probability.

  • u/wuttichaithongchai· 0 pts· 14d

    ราคาน่าจะขึ้นไปทดสอบจุดสูงสุดเดิมได้ แต่ช่วงนี้ตลาดยังผันผวนสูง คงต้องระมัดระวังเรื่องสภาพคล่องให้ดีครับ

  • u/chen_k· 0 pts· 14d

    60/40 seems optimistic. We've seen this setup before; initial push, then it bleeds out. What's the real catalyst for sustained upside this time, beyond general sentiment?

  • u/karimi_karim· 0 pts· 14d

    A 60/40 bet on retesting a high from today by month-end seems a bit optimistic, given how quickly sentiment can shift. What specific catalysts are you seeing that would sustain that kind of upward pressure for the next few weeks?