Replies to post #204935 on SPDR S&P 500 (SPY)

[imiloa]

k9, sorry for delayed reply.
was showing visiting guests around town yesterday.

re: brexit, hard to tell.
the "leave" momentum was gutted by Jo Cox' death
and seems to be losing sway since then.

several polls and analysis show "leave" back down in the 30-40% range from near 50-50 before Cox was attacked.
http://www.bloomberg.com/graphics/2016-brexit-watch/

and the GBP bounce back to last may highs
suggests the forex market anticipates a "remain" result.

imo, could go either way, but "remain" seems most likely to me.
which could spur US markets to rally friday into next week.

i had been planning to play puts on brexit anxiety
but that dynamic might be over now
if "remain" continues to show strength in polls

so i'm just going to scalp intraday, as usual.

what are your thoughts on brexit
and how the market will react into next week?