Freaky Friday – Standard & Poor’s Pull Through With US Debt Downgrade (UUP)
Freaky Friday ladies and gents. It feels like the Chicago Bulls just won the NBA title at the same time i crashed the momentum Ferrari in 5th gear into the Oak St. curve on Lake Shore DR while trying to buy LNKD on my smartphone…
Momentum Monday anybody?
(Reuters) S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about the government’s budget deficits and rising debt burden. The move is likely to raise borrowing costs eventually for the American government, companies and consumers.
“The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics,” S&P said in a statement.
Lets look a the numbers we all want to know for Sunday evening:
1163.5 was the low Friday.. and low for the year.. 1220 resistance on the 5 min. yes 1220
2128.75 is the low Friday.. and low for the year.. 2300 resistance on the 5 min . yes 2300
Have a good one. im out.
|DAILY ES_F .. 1163.75 ‘kissed’ .. .. next 1037|