“Brexit” Update (Final)… 24 June 2016 Friday

Price tried to hold support, but looks like we hit overnight circuit breaker in the ES at 1999…

1245 Circuit Breakers Hit

 

It’s a first for me… and I’ve been doing this a long time.

I’m not exactly sure what the process is from here to get it reopened… but I’m not waiting up to find out.  Update… looks like there are 5,000 contracts offered and less than 100 wanted… if price reopens anytime soon, it’s going lower…

I’ll return tomorrow morning when cooler heads (and hopefully a different result from the referendum) have had a chance to prevail.

KIS,

The Trader

 

“Brexit” Update 11:50 PM EST

The SPX 500 Emini is trying to bounce off the 200 EMA and another important support level as I type this…

2349

 

If this is a preview of what a UK departure from the EU looks like, here’s hoping there’s a miraculous turn in the results.