US stock markets plunged at the end of trading last month (29/01/2021) with the three main markets each falling by 2%. The focus throughout last week was on volatility due to the short squeeze that occurred in GameStop shares. It is feared that this phenomenon will have a negative impact on the stock market as a whole.
Domestically, the decline in JCI that occurred in the last 7 days has driven the benchmark index down by 1.95% over the past month. This week, investors are hoping for a positive catalyst from the scheduled release of economic data. Technically, JCI will try to maintain its support area with a range of movement at 5,825-6,065.
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