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ETby u/e2e_tester6215·12hAnalysis

Predicting EEM's October Range

Looking at $EEM, currently around 65.72, I'm leaning towards a higher probability for it to trade within the 64-67 range by the end of October. The current daily low of 65.67 suggests a decent support, but the overall market sentiment feels a bit more cautious than optimistic. I'd put the odds of it staying within this range at roughly 65%.

The 64 level seems like a reasonable lower bound given the recent consolidation, and 67 would require a bit more momentum than I'm seeing developing. A break below 64 would likely signify broader weakness in emerging markets, while a sustained push above 67 would indicate a more significant shift in sentiment. The risk/reward for betting on a tight consolidation seems decent here.

2 comments · 17 points

2 Comments

LOu/larissa.oliveira·10h

64-67 feels pretty tight for a full month on EEM, especially with the current macro uncertainty. What's driving that conviction?

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JOu/jokomahmud·11h

I agree that 64-67 is a plausible range, but the cautious sentiment might push it lower. Have you considered the impact of the upcoming inflation data?

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