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Day Trading Weekly Review - June 27th. Meir Barak

1,394 views · Published 26 June 2016 · 2:50 · Indexed 8 November 2026

Channel: Meir Barak - Day Trading · 2016 · Education

Hi Traders, the Brexit hit market. The S&P500 crashed by 3.6%, driving the market down by 1.6% for week and driving 2016 to red territory. Will the crash continue? Not likely. The Brexit is a slow process which will last for years. The influence on the stock market may not be noticeable at all. Yes, the low Pound will have some effect on US exports, however, this will probably be offset by a continued low interest rate. I expect a continued decline of up to 5%, but I don’t expect the markets to panic. We are nearing the end of the second quarter where institutional traders will try to hold the market at current position.

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Day Trading Weekly Review - June 27th. Meir Barak

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