Wednesday, June 22, 2016

Market Timing Update (6/22/16)

Brexit/Bremain Triangles (Chart 1) and watch the green and blue lines (Chart 2).

[1140am] Brexit/Bremain Triangles?-
A variant of an idea discussed in Brexit/Bremain Triangles? (6/17/16), incorporating this weeks price action. See chart.

[10am] Currency Update-
Both GBPUSD and EURGBP could be attracted to the blue lines (potential HS neck line). Euro weakness and USD strength from the perspective of GBP if this is the case. FX market's pricing on Brexit/Bremain. See charts.