The UK has voted to leave the EU and financial markets around the world have taken a massive hit. At present, the S&P 500 (SPY ETF) is set to gap down 3.8% on the open.
In a B.I.G. Tips report just sent to Bespoke Premium and Bespoke Institutional members, we detail the historical reaction to huge gaps down at the open, showing the gap down, open-close move, entire day move, and returns over the last week for every >3% gap down on SPY over the last 20 years. Read the full report to see the clear historical pattern that large gap downs typically lead to.
See the full B.I.G. Tips report by signing up for a monthly Bespoke Premium membership now. Click this link for a 10% discount ($89/month).