Wall Street continued to decline for 3 days in a row on market closing (15/10/2020). Investors are concerned that recovery will slow down further as weekly jobless claims figure rose to 898 thousand, exceeding the expectation at 825 thousand.
Meanwhile, JCI yesterday was hit by considerable profit taking after an upward rally for nearly 2 weeks. Technically, the candlestick has formed an evening star pattern which signals a reversal.
Download full report HERE.