Markets

Dow Jones – end of pullback or new uptrend?

The Dow Jones Industrial Average® worked very well off the recovery potential in Monday trading, which was recently estimated at 27,668 points. The interim high was even marked slightly above at 27,723 points. However, as trading continued, buyers had to pay tribute to the important Fibonacci resistance. The index turned south again, but yesterday defended the support level consisting of EMA50 and gap upper edge at 27,360 points. The start of the new quarter tomorrow will have to bring about important directional decisions for the next trading days, possibly even trading weeks. Because the Dow Jones Industrial Average® is currently directly below the trigger line of a large S-K-S formation. So far, the movement to the north is nothing more than a bearish pullback to this trigger line. If the index falls below 27,360 points, it should at least close the gap at 27,239 points. Below 27,070 points, the risk of slipping again in the direction of the EMA200 increases.

If the index climbs above 27,723 points, in addition to the 61.8% fibonacci retracement of the recent downward trend at 27,667 points, the intermediate high there would also be overcome and the index could continue to gain significantly. For this positive scenario, goals can be given at 28,170 and 28,365 points.

Dow Jones Industrial Average® Index in points on the daily chart; 1 candle = 1 day (logical candle chart display)

Observation period: August 5th, 2020 – September 29th, 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 (logical candle chart display)

Observation period: 01.09.2015 – 29.09.2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com

Investment opportunities

Turbo Bull on the Dow Jones Industrial Average® Index for speculation that the index will rise

UnderlyingWKNAsk rate / EURBase price / knock-out in pts.leverFinal valuation date
Dow Jones® IndexHR0J3H 43.7922,550.00 5.4110/30/2020
Dow Jones® IndexHR0J57 18.9825,450.00 12.4610/30/2020
Source: HypoVereinsbank onemarkets; As of: 09/30/2020; 3:34 pm

Turbo Bear on the Dow Jones Industrial Average® Index for speculation that the index may lose value

UnderlyingWKNAsk rate / EURBase price / knock-out in pts.leverFinal valuation day
DowJones® IndexHR0XAA 36.8231,900.006.4210/30/2020
DowJones® IndexHR0QHB 29.1131,000.006.4210/30/2020
Source: HypoVereinsbank onemarkets; As of: 09/30/2020; 3:36 pm

You will find leverage and investment products for speculation on an upward or downward movement or sideways movement of the DAX® here. With the HVB knock-out trading tool On Guidants you will be able to find the right product for your trading strategy at the click of a mouse under the risk-reward perspective. Try it!

NEW: Get a majority of your trading costs back! Place the order as usual through your broker or bank. Activate cashback via the free Cashbuzz app. A credit of up to 50 euros per trade from 1,000 euros is made in a few days – up to a maximum of 250 euros per month. More information at: www.onemarkets.de/cashback

Please note the important information and the disclaimer.

This information does not constitute investment advice, but advertising. The public offer is made exclusively on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (“BaFin”). Approval of the prospectus is not to be understood as a recommendation to purchase these UniCredit Bank AG securities. Only the prospectus including any supplements is relevant and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and rewards of investing. You are about to acquire a product that is not easy and can be difficult to understand.

How the HVB products work

The contribution Dow Jones – end of pullback or new uptrend? first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that has been recognized by third parties in the “News” section of this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” mark below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.

Tags

Related Articles

Back to top button
Close
Close