This post is the sequel to and elaboration of my last observations piece. It should be glaring obvious to everyone by now that the Brexit vote to leave was a decision that was motivated by neither financial nor economic considerations. However it is a big mistake to chalk it up to low brow and uninformed populism.

Technical analysis can help reveal a deeper understanding of the markets, and of collective human behavior in general. In this piece I employ what we have learned from technical analysis to generate a new perspective on the Brexit situation.