Chrysler bankruptcy near, UK may lose AAA, ES lower

Chrysler dead, down goes ES. ES bounced PP 843, 50% re-Tracement looks at 848.50. Don't know if we get up that high but Short 848. What do you think? Also, London Telegraph say UK may lose AAA as debt hits Pounds 1.4 Trillion L over next 5 yrs. What do you think of overnight, FTSE, DAX could get hit hard tonight.

ESM9: R1 855.25, PP 843.25, S1 836.75, S2 824.75

Globex: ESM9: High 854, Low 843, Last 846. Ambush Short (50% Re-Tracement): 848.50. Looking to short 848, first target PP 843.25, second target S1 836.75.