The US markets closed significantly higher on presidential election day (03/11/2020). This rally reflects the expectations of market players that the government and congress will be won by the same party, which will facilitate the achievement of a fiscal stimulus package agreement. In a number of polls, the Democratic presidential candidate Joe Biden is recorded as still winning.
The JCI movement today will be heavily influenced by the results of the US presidential election and the strengthening of commodity prices. Technically, the market still has the opportunity to continue yesterday’s increase with a range of movement of 5,130 – 5,177.
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