3rd Quarter - A Clean Slate for the Financial Market

The effects of BREXIT had been more on the financial currency markets directly; as the DOW & SP500 did had their fair share of declines.  The overall end-result of which has not been as bad as some analyst have expected, since the stock market price recovery were seen quite modest across global stocks to this writing.

The DOW's recovery above the 17500 and the SP500 back to the same levels around 2070, have been a good sign that the repercussions of the UK vote only provided the US market a quick slap on the wrist, so to speak. The recent declines in the US stocks have been mild; in spite of making a 17000 low have held well. For as long as the current price recovery stays above these 17000 - 17500 range and closes well above the 17800 levels, should be quite encouraging. The near term  would give the market a clean slate at the start of the 3rd quarter of 2016.

The presence of volatility where price swings goes in both directions clearly reflects the TUG of WAR between bull & bear players. Megatrade101 remain stead-fast in staying the course for equities to gradually buildup into positive territory the next quarter trading of the year. Price draw down have been limited well within their respective wide range and well protected against any sudden market changes.

We'll provide further market outlook and trend insights on the financial markets moving forward the first few weeks of trading 3rd quarter. As we take our regular 'trading break schedule' each quarter ending period. Have a great trading ahead and Only the best for your trades!