S&P 500 (Jun 13) INTRADAY Review Yesterday’s strategy worked well as we anticipated some initial downside pressure for stocks despite the very positive retail sales data from the US. The highest volume period of the day in the S&P came as EURUSD broke below last week’s low and this dragged down the S&P in a correlation move that saw the S&P print new lows and touch our long entry level. From there the index stabilised and as the dollar strength began to slow stocks were able to
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Yesterday’s strategy worked well