Senate announced a deal to raise US debt ceiling & reopen government
The House & Senate will both vote to approve the deal
Both sides are confident that US House will have enough votes to approve Senate deal
Voting is between 6-7pm EDT & 8-10pm EDT
The House's statement: The House has fought with everything it has to convince the president of the United States to engage in bipartisan negotiations aimed at addressing our country's debt and providing fairness for the American people under ObamaCare. That fight will continue. But blocking the bipartisan agreement reached today by the members of the Senate will not be a tactic for us
Therefore the deal to raise US debt ceiling & reopen government will most likely be approved by midnight
But it might've already been priced into the market as it is reaching an all-time high
Watch S&P 500's 1730 for possible resistance, traders might sell & take profit at 1730
If it breaks & stays above, it should continue going up higher
Look to buy S&P 500 if it breaks & stays above 1730
It is also highly possible for the market to be overbought or oversold, therefore technicals may not be quite accurate
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