An overlay of FTSE, DAX and CAC shows that FTSE has recovered losses associated with Brexit while DAX and CAC languish. This may not be indicative of future trend but stock market sees DAX and CAC more pessimistically at moment.
First results are expected at around 0800hrs or 8.00am tomorrow morning 24 June 2016. Clear picture by 1100hrs or 11.00am. Final declaration expected around 1400hrs or 2.00pm. Singapore time GMT+8.
After all that drama, FT100 is back to where it was at beginning of June. Brexit or not, there will be a UK after this referendum and then the market can put aside all that emotion and go back to facts.
Your mission is to determine whether they are going to follow-through with a breakout or staging for the mother of all corrections. For your entertainment. (Also bonus stock chart) Log-in required.
Some random observations of FT100 5-minute chart, USDCAD week – week trend and SATS, a bright spot listed on the Singapore stock exchange.