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Head and Shoulders Pattern Signals Potential Downtrend in US30, Testing Key Support Levels

DOW JONES was down on Monday morning after testing the high level of 42761 in the last trading session as U.S. stock futures plunged as fiscal concerns deepened following Moody’s downgrade of the U.S.’ long-standing triple-A credit rating to Aa1 on Friday. The rating agency pointed to mounting entitlement spending, rising interest costs, and persistent political gridlock as key threats to debt sustainability.