S&P 500 (Mar 13) INTRADAY Review Yesterday strategy was spot on as the afternoon’s low came just a couple of ticks above our long entry point and so the slightly more aggressive positioning of buy orders were picked up before the index pushed higher after the US cash open and hit our first [profit target at 1506. The upside was capped here until Obama spoke about the impending spending cuts and his statement that he urging Congress should pass a small spending bill to avoid the Sequester
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There was an initial bid tone in WTI yesterday