Below is the SSO speculative fund that George Ure talks about in his blog post.

ProShares Ultra S&P500 (SSO) - NYSE
Category: Trading--Leveraged Equity
63.59 Down 3.73 (5.54%) 11:27AM EDT
Nasdaq Real Time Price
http://finance.yahoo.com/q?s=SSO

BREXIT ON, MARKETS SHAKEN
George Ure
June 24, 2016
http://urbansurvival.com/brexit-on-markets-shaken/

[snip]

This is almost surreal:

I have mentioned several times to readers that I was long the SSO but when it set up for a suspicious move strongly up on Thursday my alarm bells went off.

As Peoplenomics.com readers know, I developed a very simple spreadsheet that takes possible Elliott wave 1 moves and projects them to three and five wave outcomes.

My lowest target for my SSO long trade was 67, but because of BRECIT uncertainty, well, sometimes let’s just say intuition is important. Hopping up to 67.32 was just too good to be true.

Thursday, my spider-sense kicked in, along with the old adage “Buy the Rumor, Sell the News.”

What you are waking to this morning is the “Sell the News” part.

Let me run down some of the (way overdone (financial hand-wringing for you.

First, Gold popped up more than $50. We like that.

Silver was up more than 40-cents and we have hopes it will breach the $18 line shortly.

The downside target for this reaction (and maybe over-reaction) is into the 2040 down to 2020 area of the S&P. I haven’t decided whether to re-enter the trade, or not, but do remember the world hasn’t ended – not by any stretch. This vote is advisory, takes two years to implement, and is more psychological than anything else.

On the other hand, I know of a guy on Pennsylvania Ave. who has not had a very good past 24-hours: He not only was slapped back on immigration, but his personal grand-standing/campaign to defeat BREXIT is also something of a slap.

On the flip side, I would expect (if he hasn’t done so already) Donald Trump to be posting or tweeting that this is what happens to bad trade deals in the end – people revolt.