S&P 500 (Dec 12) INTRADAY Review It was another choppy consolidation day yesterday which pretty much sums up the last three sessions. Following last Wednesday’s 2.5% capitulation the index has been trying to stabilise around the 200 Day moving average and this phase has been messy in terms of price action and has resulted in periods of each session where the momentum looks to be strong enough to meaningfully add to either last week’s losses of stage a substantial rebound but in the end
Continued here:
Yesterday our neutral strategy was stopped out during the strong rally