Markets

Dow Jones – in a roundabout way

The forecast arrow in the Dow Jones Industrial Average® now has to be adjusted because the sellers have caused an expansion of the consolidation in the past few days. In yesterday’s trading session, the index defended the support at 28,170 points, carried out a bullish reversal and thus closed the torn price gap. This reversal has now created a new reference point on the underside. Stop hedges are therefore now available below the low at 28,181 points and can therefore be followed up. As long as the index defends this low, rising prices are possible. 28,733 and 28,958 points represent the next goals, above that there would be room in the direction of 29,199 points.

On the other hand, if yesterday’s recovery fizzled out completely and the index fell below 28,170 points, the overall chart would deteriorate again. In this case, 27,980 points would be next achievable. If the bears get serious, the gap at 27,239 points could play a role 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 15, 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 15, 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 51.8622,550.00 4.7010/30/2020
Dow Jones® IndexHR0J57 27.1825,450.00 8.9910/30/2020
Source: HypoVereinsbank onemarkets; Status: October 16, 2020; 3:28 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 28.0731,900.008.7010/30/2020
DowJones® IndexHR0QHB 20.5431,000.0011.8910/30/2020
Source: HypoVereinsbank onemarkets; Status: October 16, 2020; 3:30 p.m.

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The Dow Jones contribution – a detour first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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