As fear of a No-Deal Brexit looms, the £ is taking a sliding hit with the FTSE following. I have placed this trade this afternoon with the opening of the US to see if they follow suit of the European session this morning. I suspect with Borish Johnson's bullish and pragmatic approach to Brexit the market will fear the chances of No Deal being even more likely.
Stochastic has crossed the 50 Range indicating a continuation of the downwards trend.
Stochastic has crossed the 50 Range indicating a continuation of the downwards trend.
Comment:
As of now, the DOW, S&P, and NASDAQ are all down circa 3%. I believe this is going to continue the US market sell-off and watch the market tumble for the rest of the day at least.
Trade closed: stop reached