Trading with point and figure

[Dentalfloss]

we got the pump....excellent

 

[Dentalfloss]

dax

and
updated chart

 

[Dentalfloss]

spx updated chart
not quite a pop...could fail

 

[Dentalfloss]

* KEY TAKE HOME: It becomes ever more obvious that G7/G20 central banks are literally terrified about the threats to global financial stability that a pro-Brexit vote might engender. In light of the attached BOE chart showing the size of the UK financial system as a % of GDP, and as compared with some of its peers, and the obvious uncertainties about how the UK financial system would interact both with the EU and global financial system in the event of a pro-Brexit vote, such fears seem well founded. It is nevertheless clear that the real perceived threat is that a pro-Brexit vote may be the spark to the flame for a complete unravelling of the EU and Eurozone. As I noted in the "Europe’s existential challenge" article, the key risk
is that "exit, whether enforced or voluntary, would then be ‘on the table’ as a crisis resolution mechanism, and could be wielded in a way that exceptionalism never has or could be. However whether this does or does not prove to be, it implicitly imputes a degree of causality on the ‘Brexit’ debate and referendum, despite the latter being symptomatic rather than causal. Crises are frequently cumulative in causal terms, and often due to the intended consequences of prior decisions upsetting an operating equilibrium (however deficient the latter might appear to be, above all with the wisdom of hindsight)."
from Marc Ostwald commenting on Draghi press conference

 

[MichaelJohnFX]

and
updated chart

not sure but that break could be a fake. price hasn't be appropriately supported on my market profile

 

[Dentalfloss]

mornin folks
a bit of GBPJPY
coming into a monthly pivot area...will it bounce ?
it got dumped from May 31st/Brexit poll ??
could continue down
monthly pivot area could give us many pips..lets see

 

[Moneylender]

Someone is up early.

Good morning.

 

[Dentalfloss]

GBPJPY a closer look at the latest downtrend

 

[Dentalfloss]

Someone is up early.

Good morning.

mornin to you...

 

[Moneylender]

Think it maybe a bit flat until NFL

 

[Dentalfloss]

eurjpy testing a monthly pivot
prev low from 6th MAY

 

[Dentalfloss]

cable in a pivot area

data from 1st March

 

[Dentalfloss]

eurusd

 

[Dentalfloss]

lookin like Brexit jitters creepin in to FX

 

[Dentalfloss]

possibly into wti/oil aswell

 

[Dentalfloss]

spx..no Brexit jitters as yet

 

[Dentalfloss]

dax

 

[Moneylender]

straight into 10225!! ;-)

 

[NickBk]

straight into 10225!! ;-)

Not much movement though, a dull opening so far.

 

[Moneylender]

10220 area working well lilac on chart along with trend bounce. first res @ 10250