Crimea Fear

We got a spike down in the market after news came out that Putin is rumored to be planning an attack on eastern Ukraine.  I wonder if it is short sellers who plant these news bits, they always seem to happen at critical moments.  Anyway, the ES March contract bounced strongly off 1840, which is SPX 1840, an area of very strong support.  With the FOMC meeting coming up next Wednesday, I don't see this market making much headway going south.  This is risk off Friday, and the derisking is happening in the premarket.  That is usually the case, the sellers who are nervous about the weekend sell in the morning, not in the afternoon.

I got long ES into this morning dip with plans to hold into Monday or Tuesday.