S&P 500 (Dec 12) INTRADAY Review Yesterday we had a balanced view with a upside bias which was reflected by our neutral long entry level at 1376.25. This proved to be the right view as the S&P was range bound for much of the session and the US cash open sell off lead by Hewlett Packard saw the index dip but bottom out 8 ticks above our entry level. The rebound took the index up to test key resistance at 1386.25 before Bernanke’s comments again reversed the direction and drove the price
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The currency pair was in a decent range yesterday
