75% CHANCE A DEAL BE REACHED TOMORROW BEFORE ASIA MARKETS OPEN
And a 300 points dow rally 25% chance of it happening on tues. i prefer the first scenario of course , otherwise that 300 points rally would mostly make up for monday's drop if a deal was reached by tues
Congress closing in on a deal to avert US default- AP The U.S. Senate plunged on Sunday into what many lawmakers and the White House -- and millions of Americans coast to coast -- hoped would be an all-but-decisive last-minute effort to raise the nation's debt ceiling and defuse a crisis that still could lead to an unprecedented government default.
Play it smart, play it quick.. Look at pre-market, totally important. Pre-market is a give away with unusual volume. Look for fake head fake to a day low and pick up and run.. I for one will be day trading Monday based on news.. GLTA.
"We're very close" to a deal on the debt limit, Senate Minority Leader Mitch McConnell, R-Kentucky, told CNN's "State of the Union" Sunday. "We had a very good day yesterday," he said, adding that the two sides "made dramatic progress." "I think I can pretty confidently say" that the current plan under discussion will provide a debt ceiling increase to avoid default, he said. McConnell added that he is "very, very close to being able ... to recommend to my members that this is something that they ought to support."
wholly smoke! looks like you nailed it with this call too. most likely the deal be announced tomorrow. I can't wait for market reaction on Monday.
Late stab at debt-limit deal to avert US default- AP In a last-minute stab at compromise, Republican congressional leaders and the White House made significant progress Saturday night toward a deal to avert a government default threatened for early next week, according to officials familiar with the talks.