All three major US markets closed lower on trading day (12/11/2020). The sentiments on Joe Biden’s win and vaccine development have started to fade. Investors are re-focusing towards the jump in US Covid-19 case number that touched 144,000 yesterday.
Domestically, investors have also started profit taking after a 5-day rally that indicated overbought. Meanwhile the JCI movement today may potentially continue yesterday’s decline and test the support level at 5,400.
Download full report HERE.