The Dow Jones Industrial Average® fell below 28,170 points on an intraday basis last Thursday, but recovered significantly as trading continued. The bulls also managed to maintain this support on Friday, but no procyclical buy signals arose. With a view to the pre-trading booths, however, it is now becoming increasingly tight for buyers. The index is already valued below 28,000 points. The 27,980 point mark acts as a support in the daily chart. If the index gives up this support, only the EMA50, at currently 27,860 points, can save it from a significant slide. Here, 27,670 to 27,580 points could be considered as the first target area. On the downside, there is still a large gap in the chart at 27,239 points.
There are signs of some relaxation above the Friday high at 28,437 points. In this case, the Dow Jones Industrial Average® could rally to 28,733 points. However, the consolidation since the October high would not formally end until it reached a level above 28,958 points.
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 23, 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 1st, 2015 – October 23rd, 2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com
Turbo Bull on Dow Jones Industrial Average® Index for speculation that the index will rise
|Underlying||WKN||Ask rate / EUR||Base price / knock-out in pts.||lever||Final valuation day|
|Dow Jones® Index||HR1Y0F||40.09||23,200.00||5.98||December 15, 2020|
|Dow Jones® Index||HR1HYN||23.29||25,200.00||10.31||December 15, 2020|
Source: HypoVereinsbank onemarkets; Status: 10/26/2020; 2:10 p.m.
Turbo Bear on the Dow Jones Industrial Average® Index for speculation that the index may lose value
|Underlying||WKN||Ask rate / EUR||Base price / knock-out in pts.||lever||Final valuation date|
|DowJones® Index||HR14GG||42.89||32,900.00||5.60||December 15, 2020|
|DowJones® Index||HR1J1M||24.60||30,750.00||9.77||December 15, 2020|
Source: HypoVereinsbank onemarkets; Status: 10/26/2020; 2:12 pm
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The contribution Dow Jones – Pre-trading falls the 28,000 point mark first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).
Author: Bastian Galuschka
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