If you are short be careful as now Putin is talking about humanitarian aid so not clear if he meant more military assistance. RANsquawk Russian president Putin says will maintain current support for Syria if foreign military action taken against the country Geopolitical Says: - Russia supplies Syria with weapons and cooperates economically. - Russia wants to increase humanitarian aid to Syria. Analysis details: - Earlier today, Putin said Russia will help Syria if strikes launched. Putin said Russia is already assisting Syria with arms shipments. Source: Newswires Fri, 09:13 06-09-2013
If sticking to price all this is meaningless and actually quite slow, the bars don't lie. It is indeed interesting and key as far as current events, but better left alone until the end of the trading day, then the geopolitical events can be absorbed casually without letting it affect our trading reads.
Tagged both sides of the channel. As the channel was rising I suppose it needed to go higher first. Why? Because the way the market was structured it was the path of least resistance. Now the entire selloff has been retraced and the channel is building higher still. Wait and see for the afternoon session what unfolds.
I really doubt many folks were considering a move back to the open that fast without understanding what was happening. If the moderator or OP tells me that posting news catalysts that are relevant to the current price action is against the rules of this thread then I will oblige.