The US stock market posted a slight rebound in trading (20/10/2020). The increase came ahead of the deadline given by Congress to agree on a stimulus package before the presidential election. In addition, investors are also anticipating the release of financial reports from around 100 companies scheduled for this week.
Domestically, developments regarding the US stimulus assistance amidst lack of domestic sentiment are expected to cause the JCI to continue its consolidation phase with a tendency to decline. Technically, the JCI movement range for today is between 5,057-5,132.
Download full report HERE.