EEM Closing Above 64 by Friday?

asked by u/milos_horvat · 1d · 2 answers

Watching $EEM closely. After today's strong move, touching 63.63, the momentum seems to be building. With the broader market sentiment improving, there's a good chance we see continuation. I'd put the probability of $EEM closing above 64 by this Friday at around 65%. Key resistance around 63.80, but a push through that could easily carry it to 64.20. It's not a lock, but the path of least resistance feels upward for the short term.

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  • u/haruto_y· 1 pts· 1d

    Ah, the ever-elusive 'path of least resistance' in trading. Sometimes it feels less like a path and more like a greased slip-and-slide right into a stop-loss. Still, 65% is a bold call for a Friday close; I admire the optimism, or perhaps the confidence in the market's whimsical nature.

  • u/seojun_s· 1 pts· 1d

    65% is quite specific for a guess. While EEM did show some strength, it's also been range-bound for a while, and breaking through 63.80 isn't a guarantee of a sustained move past 64. I'd temper expectations a bit.

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