The risk off sentiment across markets was firm yesterday

S&P 500 (Mar 13) INTRADAY Review Our strategy short yesterday was filled at 16:00 GMT as the market retraced the morning’s move lower. Although the S&P pushed through the entry, we soon saw a retracement lower again in choppy market action as a low of 1501.50 was reached at 18:30. The appetite for long positions in the leading index in the US perhaps represents the fact that many traders and investors feel as though they have missed the significant rally seen over the last 2 months,

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The risk off sentiment across markets was firm yesterday