S&P 500 (Mar 13) INTRADAY Review On Friday we had an aggressive short strategy suggesting an entry level that the market was trading at when we sent out the report. This worked well initially as the US cash market open generated some downside pressure that saw the index dip to test the 1500 handle. However, the better than expected ISM Manufacturing data reversed the sentiment and drove a 17 point rally. The S&P then drifted sideways into the close to post an miniscule up week despite
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The currency pair was in a decent downward trend last week
