‘Brexit – Should I Stay Or Should I Go?’

Commentary, News, Technical Analysis, The Closing Print, Video

HIGH: 2091.25 Early
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Weekly Bill Settlement, 52-Week Bill Settlement, Jobless Claims, Chicago Fed National Activity Index, PMI Manufacturing Index Flash, Bloomberg Consumer Comfort Index, New Home Sales, Leading Indicators, EIA Natural Gas Report, 3-Month Bill Announcement, 6-Month Bill Announcement, 30-Yr TIPS Auction, Fed Balance Sheet. Money Supply, and Robert Kaplan Speaks.

Tomorrow is the big day, but we wont know until the markets are closed.

The latest polls show support for staying/leaving the EU at a virtual dead heat.

Pro British Minister David Camron said “we are not shackled to a corpse – you can see the European economic recovery.”

Former mayor Boris Johnson, who is backing the exit, said “its time to have a totally new relationship with our friends across the channel. It’s time to speak up for democracy and hundresds of millions of people around Europe agree.”

So…Should they stay or should they go?

My opinion is that its probably best for the Brits to leave, but its going to wreak havoc, and its not going to be a one day move.

Levels to look at:
1990-2120, but some people are saying 1970-1940 and lower…

I dont think there’s a major concern for the upside – It’s the downside that people are worried about.


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Danny Riley (3463 Posts)

Danny Riley has worked in the futures and options industry for 38 years, including the CBOT’s bond room, where he worked for several of the Market Wizards. He went on to build the largest volume desk in the S&P 500 Index Futures, serving some of the largest banks and hedge funds, the UBS program trading business, and some of the world's top individual traders. As a leader and co-creator of the MrTopStep IM-Pro Trading Room, he shares trading ideas and breaking market news live from the floor with our other professional traders and new traders eager to experience the power of collective intelligence. Join us today and get the edge only social trading can give you.


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