Odds on $USLV retesting yesterday's low by week-end
Considering the current volatility and the strong bounce today, I'm putting the odds of $USLV retesting the 15.55 level by Friday's close at around 40%. The run-up today feels a bit overextended, and if broader market sentiment shifts even slightly, a quick retracement to test support isn't out of the question. Conversely, if it holds above 16.00 tomorrow, that 15.55 retest becomes less likely, probably dropping to 20% by then.