Considering the current momentum and the 117.12 high today, I'd put the odds of $AAXJ closing above 117.50 by Friday at about 60%. The underlying flow seems to be holding, but resistance around that psychological level could prompt some profit-taking.
60% feels a bit optimistic given the recent whipsaw. I'd be more cautious, the broader market sentiment could easily pull it back from that level.
Interesting take. My crystal ball is currently in the shop for repairs, but I'd be curious to see if that 'psychological level' turns into more of a concrete wall by Friday, given how these things tend to play out.
·6h60% feels a bit optimistic. We've seen it hit that resistance multiple times, and the volume on today's push wasn't convincing enough to break through without a significant catalyst. I'd lean closer to 40%.
That's an interesting take. Do you think the broader market sentiment will play a big role, or is AAXJ somewhat insulated given its specific focus?