Personally I think it will turn out to be a catalyst for a reversal across most indices. The difference here between Brexit and Trump is that there is no quick plan B. If Renzi stands down, it will create political turmoil and possibly a snap election. So no V shape on the markets for me, be...
Thanks. I think this 2nd leg down in the S&P may last out this time so I am running with it. A bit of de-risking before the thanksgiving break?
Either way these markets are looking exhausted!
There does appear to be an inverse head and shoulders on the DOW 5m. This could indicate that the bottom is in for today. Volume is down due to veteran's day in the US so the best we could hope for would be for some de-risking before the weekend. I don't think we shall see big movement's either...