US500: Bullish Trend Holds Despite Moody’s Downgrade
On Sunday, Moody’s downgraded U.S. debt to AA1, citing rising interest costs and unsustainable debt growth. They noted that U.S. debt funding costs are much higher compared to similar economies, with interest payments significantly exceeding those of similarly rated countries.
At the market open on Monday, US500 dropped from 5959 to 5874, losing nearly 1.40%. While this downgrade was expected to have a bigger impact, the index quickly recovered, reaching a new high of 5972 after the U.S. market opened.
Despite the initial dip, US500 remains in a strong bullish trend. Unless a major event shifts market sentiment, the index is likely to continue rising. Even if small corrections occur, the overall trend is still intact.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
On Sunday, Moody’s downgraded U.S. debt to AA1, citing rising interest costs and unsustainable debt growth. They noted that U.S. debt funding costs are much higher compared to similar economies, with interest payments significantly exceeding those of similarly rated countries.
At the market open on Monday, US500 dropped from 5959 to 5874, losing nearly 1.40%. While this downgrade was expected to have a bigger impact, the index quickly recovered, reaching a new high of 5972 after the U.S. market opened.
Despite the initial dip, US500 remains in a strong bullish trend. Unless a major event shifts market sentiment, the index is likely to continue rising. Even if small corrections occur, the overall trend is still intact.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Note
Previous analysis:
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.