ridethepig

ridethepig | FTSE Fundamental Flows

Short
OANDA:UK100GBP   UK 100
Here we are more or less back to square one as to where we were in July and testing away at the resistance.

Buyers are showing a lack of tenacity!

If after the Brexit fact (does not really matter if its a deal or hard brexit deal) we can see the possible outflow pressure really start to make itself felt. The strong counter here should immediately come under pressure with the initial loss of market access and broader global slowdown.


Once again (and with slow and steady pace) start to build some sell side exposure, abandon the overweight UK equities position and employ the following manoeuvres. A test of the centre looks rolled up and ready to take. Make excellent use of the flow towards 5,600.

Thanks as usual for keeping the feedback coming 👍 or 👎

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