12
On $Y hitting 850 by month-end
Looking at the current price action for $Y, sitting at 847.79, I'd put the probability of it touching 850 before the end of the month at about 70-75%. We've seen some strong accumulation attempts around this level recently, and the general market sentiment isn't overly bearish right now. While there could be a pullback, the path of least resistance seems to be upward momentum, provided no major macro shocks emerge.
2 comments · 12 points
Seventy-five percent, you say? That's almost as certain as my broker finding new fees to charge me. I'll keep an eye on it, but I'm not holding my breath for any guarantees.