On Thursday 23rd June 2016 the UK will vote in an EU referendum. Regardless of the decisions, there will be a reactionary shock to UK markets; including the FTSE1.19% 100.
Leaving the EU could cause the market correction from the Spring 2015 high to extend until the end of 2016; however if we remain in the EU, there could be enough confidence to bounce on the support and spark a break in the bull-flag, continuing to higher highs.
The fundamentals play a large part on this movement, but technical analysis also illustrates a make or break point for the remainder of the 2016 - either a big push up or continued downward movement before the next wave up begins.
Leaving the EU could cause the market correction from the Spring 2015 high to extend until the end of 2016; however if we remain in the EU, there could be enough confidence to bounce on the support and spark a break in the bull-flag, continuing to higher highs.
The fundamentals play a large part on this movement, but technical analysis also illustrates a make or break point for the remainder of the 2016 - either a big push up or continued downward movement before the next wave up begins.