The Dow Jones Industrial Average® initially set back slightly in yesterday’s trading, before there was another upward movement shortly after the opening, which led the index further to the area of the next important price resistance at 28,892 points. This upward move is likely to continue in today’s trading.
After the return to the support at 28,169 points, which was quickly prevented yesterday, and the upward trend line running there, the bulls have maneuvered themselves into a promising situation: The resistance at 28,892 points could be attacked today. A strong setback can still be expected there, however, which can easily lead to 28,169 points. If, on the other hand, the index jumps above the 28,892 point mark, the way to the all-time high of 29,568 points would in principle be free.
Should the Dow Jones Industrial Average® break below 28,169 points in the further course, at least the rally phase would be interrupted since the beginning of August and a sell-off of up to 27,572 points is likely.
Dow Jones Industrial Average® Index in points on the daily chart; 1 candle = 1 day (lin. Candle chart display)
Observation period: 02/27/2020–09/01/2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com
Dow Jones Industrial Average® Index in points on the monthly chart; 1 candle = 1 month (lin. Candle chart display)
Observation period: October 1st, 2014 – September 1st, 2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com
Turbo Bull on the Dow Jones Industrial Average® Index for speculation that the index will rise
|Underlying||WKN||Ask rate / EUR||Base price / knock-out in pts.||lever||Final valuation date|
|Dow Jones® Index||HR0J3H||52.61||22,550.00||4.61||10/30/2020|
|Dow Jones® Index||HR0J57||28.25||25,450.00||8.60||10/30/2020|
Source: HypoVereinsbank onemarkets; Status: 02.09.2020; 2:30 p.m.
Turbo Bear on the Dow Jones Industrial Average® Index for speculation that the index may lose value
|Underlying||WKN||Ask rate / EUR||Base price / knock-out in pts.||lever||Final valuation day|
Source: HypoVereinsbank onemarkets; Status: 02.09.2020; 2:32 pm
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The Dow Jones contribution – resistance continues to be targeted by the cops first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).
Author: Thomas May
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