USA debt default hype is end! Should market rally?
Peoples are already tired of news about the debt default of country, whose currency has a reserve status in the world. We are tired too.
The circus of raising imaginary debt ceiling was completed on Saturday.
Biden and Republicans agreed to raise the national debt ceiling.
US default averted 🤡🧯
The House of Representatives will vote on the document on Wednesday, May 31.
Then the initiative must be approved by Senate of Congress, after which it will go to Biden for signature.
There is nothing surprising in this, and I even posted a detailed post on telgram about “Why there will be no debt default in the USA”, where I clearly explained to you that national debt ceiling will be raised 😉
BTCUSD and 
ETHUSD ETH reacted positively to this, as a result, all fell of last week was bought out.
And the market ended the week positively.
US market is closed today, so we will know the real reaction to this news tomorrow.
📯 Now media will promote this news as something positive and the markets will go into a short-term bullish rally.
BUT… after this rally,
SPX will inevitably go for a deep downward correction, as now Ministry of Finance will come out with borrowings and will suck money out of system. And the FED will help him 🤝
For last half of year, the Ministry of Finance, on contrary, threw money into market, which blocked negative effect of the FED's actions.
Therefore, we saw the growth of big techs - as a result, the Sp500 index.
Now both structures will work in the same direction…
The circus of raising imaginary debt ceiling was completed on Saturday.
Biden and Republicans agreed to raise the national debt ceiling.
US default averted 🤡🧯
The House of Representatives will vote on the document on Wednesday, May 31.
Then the initiative must be approved by Senate of Congress, after which it will go to Biden for signature.
There is nothing surprising in this, and I even posted a detailed post on telgram about “Why there will be no debt default in the USA”, where I clearly explained to you that national debt ceiling will be raised 😉
BTCUSD and ETHUSD ETH reacted positively to this, as a result, all fell of last week was bought out.And the market ended the week positively.
US market is closed today, so we will know the real reaction to this news tomorrow.
📯 Now media will promote this news as something positive and the markets will go into a short-term bullish rally.
BUT… after this rally,
SPX will inevitably go for a deep downward correction, as now Ministry of Finance will come out with borrowings and will suck money out of system. And the FED will help him 🤝For last half of year, the Ministry of Finance, on contrary, threw money into market, which blocked negative effect of the FED's actions.
Therefore, we saw the growth of big techs - as a result, the Sp500 index.
Now both structures will work in the same direction…
👀 Торговые идеи это хорошо, но гораздо важнее торговая стратегия, которая приумножит твой капитал.
О том как ее создать я рассказываю на своем Телеграм канале: t.me/+SDGQbauVgnJhYmFi
📊 Торгую на бирже BingX:
bingx.com/invite/XLQBBK
О том как ее создать я рассказываю на своем Телеграм канале: t.me/+SDGQbauVgnJhYmFi
📊 Торгую на бирже BingX:
bingx.com/invite/XLQBBK
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