Markets

Nasdaq 100 – The sellers show themselves

The price jump in the Nasdaq-100® index last Monday is ticked off. There were no follow-up purchases on the following days; the index remained below the resistance at 12,235 points. The consolidation of the last two trading days is picking up speed south today.Since prices below 11,843 points are also indicated in the pre-market period, the gap in the daily chart that was torn at the beginning of the week moves onto the agenda. At 11,717 points, this gap would be closed. Since there is also a short-term upward trend variant there, a recovery from this price level is possible. If, on the other hand, the bears go a step further, the outbreak level between 11,607 and 11,566 points would come into play as the central support zone. There, at the latest, buyers must initiate stabilization.

On the other hand, everything stays the same on the top. If the index rises above 12,235 points, only the 12,439 point mark stands in the way of buyers. In addition, the upward movement since the September low is likely to intensify further. In this case, the technology stocks would have regained the old uptrend channel.

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

Observation period: August 26, 2020 – October 15, 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 1, 2015 – October 15, 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 20.179,4505.0110/30/2020
NASDAQ-100® indexHR1J2D 16.539,8756.11December 15, 2020
Source: HypoVereinsbank onemarkets; Status: October 15, 2020; 3:12 pm

Turbo Bear on NASDAQ-100® Index for speculation on a decline in the price of the index

UnderlyingWKNAsk rate/ EURBase price / knock-out in pts.leverFinal valuation day
NASDAQ-100® indexHR1J5Q 10.0012,95010.09December 15, 2020
NASDAQ-100® indexHR11F4 16.4313,7006.15December 15, 2020
Source: HypoVereinsbank onemarkets; Status: October 15, 2020; 3:14 pm

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The Nasdaq 100 post – the sellers show themselves first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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