Markets

Dow Jones – back on the trigger

The Dow Jones Industrial Average® directly perceived the resistance last worked out at this point at 28,365 points in Tuesday trade. The index formed the daily high at 28,355 points and then went into a nosedive. Interestingly, yesterday, Wednesday, the buyers didn’t care anymore. Once again, the index shot up in a V-shape and completely offset the price losses that had occurred from Tuesday’s high. Nevertheless, the resistance at 28,365 points is still intact. Today and tomorrow it will be important for buyers on the one hand to leave the hurdle at 28,365 points behind and on the other hand to establish the index above it. If both are successful, the next targets wait for the current upward impulse at 28,733 and 29,199 points.

Setbacks meet support at 28,170 points, below which 27,980 points offer support. If, on the other hand, the Dow Jones Industrial Average® falls significantly and undercuts the low at 27,383 points as well as the relevant horizontal support at 27,360 points, the bulls would have missed the chance of a new uptrend again.

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

Observation period: August 19, 2020 – October 7, 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: October 1, 2015 – October 7, 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 day
Dow Jones® IndexHR0J3H 50.5022,550.00 4.8010/30/2020
Dow Jones® IndexHR0J57 25.8425,450.00 9.3910/30/2020
Source: HypoVereinsbank onemarkets; Status: October 6, 2020; 3:20 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 29.6731,900.008.1710/30/2020
DowJones® IndexHR0QHB 22.0031,000.0011.0310/30/2020
Source: HypoVereinsbank onemarkets; Status: October 6, 2020; 3:22 pm

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The article Dow Jones – Back on the trigger first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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