“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC

PAYPAL

Thursday, 23 June 2016

23 Jun 2016 - EOD

Seems there was a leak favouring the "Stay".  Markets seem to like the leak as prices moved higher in overnight session.  Could this be a trap?  There is only one signal contradicting the move up in the markets, and that is the MACD.  This MACD has formed a negative divergence not only in the ES, but also the most important market at the moment, the GBP and the FTSE.  I do not know what the results will be at the polls, but the indicators are pointing to a reversal. Lets see if the market sentiment is right about the outcome of the vote.

SEN: Bullish (Down-Trending)
ST: UP
PA: UP
R: NA


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