The major US markets simultaneously fell significantly at the close of trading (19/10/2020). Investors responded negatively to the fact that an agreement between Congress and the White House on the amount of the fiscal stimulus package had yet to be reached.
Domestically, after being able to strengthen yesterday after the announcement of China’s GDP, there is no new sentiment for the JCI today. Market participants will still be waiting for the release of the Q3/2020 financial reports. Technically, JCI is expected to be in a consolidation phase in the range 5,081 – 5,191.
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