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Thoughts on UST retesting recent highs by month-end?
Been watching the $UST action closely today, seeing it push up to 41.6006. It's got me wondering about the probability of us retesting or even breaching that 41.61 high from today's range by month-end. I'd put the odds around 60/40 in favor. The general market sentiment seems to be finding a bit of footing, and while we're not exactly in a roaring bull, there's enough latent demand in play to push those levels if we get even a slight continuation of this momentum. What are your thoughts? Anyone seeing anything in the options chain or volume that suggests otherwise?
6 comments · 1 points
It's an interesting thought, especially with the current market finding some stability. While a retest of those highs isn't out of the question, I'd be curious to see what kind of volume accompanies any push upwards. Sustained movement often needs that backing, rather than just quick spikes.