Pre-Market

Futures held up well overnight except for some saber rattling in the wee-morning hours.

There was a joint US/Israeli test missile launch of two new versions of the Israeli Sparrow 2 missiles that sent Index futures a bit lower, it's not that noticeable in ES, more so in NQ.

NQ 1 min, the odd thing is that it seems someone may have been aware of the launch to come or perhaps its just coincidence that there was distribution in the hours running up to the launch.

The launch was initially detected and reported on by Russia so as far as I can tell, this seems to be either a provocation of Syria as the missiles headed to the east to the Mediterranean and fell in the sea or more likely a test of Russian capabilities as they moved a Reconnaissance ship in to the area to track any US missile launches toward Syria.

The effect was much less pronounced in ES futures, but it did spike oil briefly as well as gold and silver futures which continued to gain in to the pre-market-/ open.