S&P 500 (Mar 13) INTRADAY Review Yesterday we had the view that the S&P would struggle to add to the impressive gains seen on Wednesday as we felt that the relief reaction to the Fiscal Cliff deal was perhaps just a knee jerk and short term response. We had an entry level at 1459.75 which was a key long term resistance from the 19th October high. The much better than expected ADP employment number helped to eventually get the Index up to test our entry point at the European close.
Go here to see the original:
We were looking for resistance at the $93 handle yesterday