S&P 500 (Dec 12) INTRADAY Review Yesterday’s strategy was stopped out – We went to press just after the news that the Spanish had formally requested the bailout funding for their banking systems that triggered a reasonably large positive reaction that took the S&P to a new three week high. Conditions then stabilised and the market drifted down to test our long entry level just prior to the US ISM Manufacturing data. This is where the strategy came unstuck as the data was worse than
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The currency pair has been in a nice up trend since the 13th of November
