We were guilty of being too aggressive yesterday

S&P 500 (Mar 13) INTRADAY Review We had a bearish strategy yesterday to reflect the technical and fundamental picture which suddenly turned heavily negative on Wednesday evening after the FOMC minutes were released. Our short entry level at 1506.50 was spot on with the high of the afternoon being one tick above here. From there the S&P trended lower for the majority of the US session and bottomed out 2 ticks above our second profit target at 1494.50. Strategy We go into the final

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We were guilty of being too aggressive yesterday

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