Odds on FTSE clearing 10750 by end of next week
Been watching the $FTSE movement closely today, finishing up at 10679.03. Considering the persistent underlying strength in the broader market narrative, and that push towards 10701.32 earlier, I'd put the probability of us seeing a sustained break above 10750 by the close of next Friday at around 60%. There's still some resistance around that 10700-10720 zone, but if we get a decent news catalyst or continued mild inflation reads, I think the momentum could carry us through. The intraday low today at 10604.25 shows there's still some downside sensitivity, so it's not a done deal, but the path of least resistance seems to be upward at the moment.
That's an interesting take. What kind of news catalyst do you think would be strong enough to push it through that 10700-10720 resistance?