IAM Waiting, page-210

Markets haven't tanked. An impulsive pullback after a big announcement yes. Our market is still above intermediate support levels. The Brexit announcement combined with some EOFY selling has added some weight to the recent downward movement. Will it sustain? Who knows. Very bullish price action overseas last night especially in Europe. We could have another dip down in the short term but IMO that will be bought by the big end of the market. Until intermediate support levels are broken then the Aussie market is range bound. Which it has been for around a year now.