The three major markets in the US closed lower on trading (29/09/2020), at the same time ending the upward rally that had occurred during the previous 3 days. Apart from still waiting for the continuation of the fiscal stimulus package discussion, investors will also be paying close attention to the first presidential debate which will be held on Tuesday evening local time.
From the domestic market, the debate on the US presidential candidates will also be the main focus of investors who have the potential to determine the direction of the JCI today. From a technical perspective, JCI has the opportunity to test the support level at 4,820 as long as it is in a downward trend. However, smaller foreign net sells accompanied by oversold signals still provide opportunities for a reversal.
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