Check this out, UK Stock Market back to Levels Before BREXIT

Check this out, UK Stock Market back to Levels Before BREXIT   Ever feel like the stock market is one big game?    If not,,,,check this out.

UK decided to leave the European Union.    News is reporting that the politicians that were wanting UK to leave are “back tracking”.    They say UK is in one big mess.   If this is the case, why is the UK stock market going up and getting back to the levels it started?

Here is the daily chart of UK $FTSE100 chart provided by eSignal. This is a current chart.   We are almost back to 6339!

2016-06-29_uK_d

 

Here is the weekly chart.  Notice, we held the weekly support at 5962 and now we are back to testing the high of the weekly consolidation pattern of 6339.

2016-06-29_uK_w

If you didn’t turn on the news or didn’t know about BREXIT, did it really occur?

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About the Author Manesh Patel