S&P 500 (Mar 13) INTRADAY Review The equity index continued to edge higher for its third consecutive day on a correlation move with the Dow which made a new all time high yesterday, breaching the high set before the financial crisis back in 2007 – and of note one analyst even nicknamed it the new ‘safe haven’. The main data yesterday was US ISM Non-Manufacturing which posted a better than expected reading forth month in a row. The strategy entry was located at the high of last week and
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The US data was better than expected