With no significant US economic data today, focus this morning was on the easing tension over a possible US strike against Syria for the regime’s alleged use of chemical weapons on their own people. The White House changed their stance to making negotiations and destruction of Syria’s chemical weapons priority over any military action. This set a bullish mood into the US stock market open. The ES continued a bullish move up over night and as I posted in chat, a pullback into the R1=76.50 or yesterday’s 72.50 high area would be good places for a long trend continuation trade. Soon after the cash open, the ES pulled back into the DTG 75.25 level and unfolded with a long order flow opportunity for today’s example trade.
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