Markets

Nasdaq 100 – No decision has been made yet

The Nasdaq-100® Index has recently been highly volatile, but has so far remained in the range mentioned on Monday. Yesterday’s daily candle is clearly bearish, the index moved away from the daily highs. The starting position is similar to last Friday, the momentum is once again on the bear side. Only a rise above the resistance at 11,566 points would be considered positive and would release potential to 11,840 points.

If, on the other hand, the Nasdaq-100® gives up the support area in the form of the gap down to 11,177 points, there is a risk of significant losses that could initially push the index down to 10,780 and then towards the EMA200 at almost 10,000 points.

Before the trading session, the index was friendly. If this recovery attempt is sold off, the chances for the bears increased. But no decision has yet been made.

Nasdaq-100® in points on the daily chart; 1 candle = 1 day (logical candle chart display)

Observation period: July 6th, 2020 – October 6th, 2020. Historical considerations are not reliable indicators for future developments. Source: Guidants

Nasdaq-100® in points on the monthly chart; 1 candle = 1 month (logical candle chart display)

Observation period: October 1st, 2015 – October 6th, 2020 Historical considerations are not reliable indicators for future developments. Source: Guidants

Investment opportunities

Turbo Bull on NASDAQ-100® Index for speculation that the index will rise

UnderlyingWKNAsk rate/ EURBase price / knock-out in pts.leverFinal valuation day
NASDAQ-100® indexHR1T3R 16.519,4505.8510/30/2020
NASDAQ-100® indexHR1J2D 12.909,8757.50December 15, 2020
Source: HypoVereinsbank onemarkets; Status: 07.10.2020; 3:00 p.m.

Turbo Bear on NASDAQ-100® Index for speculation that the index may lose value

UnderlyingWKNAsk rate/ EURBase price / knock-out in pts.leverFinal valuation day
NASDAQ-100® indexHR1J5Q 13.4712,9507.17December 15, 2020
NASDAQ-100® indexHR11F4 19.8213,7004.88December 15, 2020
Source: HypoVereinsbank onemarkets; Status: 07.10.2020; 3:02 pm

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The post Nasdaq 100 – No decision has been made yet first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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