Usually i don't trade on news, but major events like Brexit could be game change. On the other hand, preannounced events normally get priced before they happen. In my opnion brexit referendum result will not change the overall picture but could cause volatility. So my guessing is that we should be short untill and then avoid to trade the referendum day and day after.
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it is going up furhter than expected, but peak of volume is signing reversion:
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Hold this positon over brexit. This is not what i expected but sideways movement of index is showing indecision and cautiousness of investors. I don't think, and i know this is a bold statement, brexit referendum can change the direction of market, which is a short in my opnion, despite of result. But if UK vote for brexit, the fall will be stronger than in the case of remain to be the winner.
could this be the start of armageddon? seems like the world is ready for a major event.
f1l1per.
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Well, we never can be sure, you probably know that if you have at least one month experience as a trader. But my guess is to be long for the next couple of months, if no major event happen, like Chinas hardlanding or something.