Markets

Dow Jones – An index turns on hold – columns

Monday,
11/30/2020
16:01

from onemarkets blog

| Views: 313

The breakout above the interim high at 29,964 points triggered a buy signal for the Dow Jones Industrial Average® in the previous week. But after an increase to 30,116 points, the buyers didn’t follow suit. The index consolidated around Thanksgiving. The starting position at the start of the new trading week is therefore neutral. On the upside, the high at 30,116 offers resistance. A buying wave in the direction of 30,620 points, where an extension target is in the index, is conceivable. Basically, however, a longer stay in the area of ​​the round 30,000 point mark should come as no surprise.

On the downside, there is a small gap in the chart at 29,667 points. Again below that, at 29,569 points, the old all-time high awaits the bulls as support. The most recent buying impulse would not end until it fell below the low of 29,228 points. Should this happen, the Dow Jones Industrial Average® should move back into the support zone between 28,958 and 28,892 points.

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

old
Observation period: August 26, 2020 – November 27, 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)

old
Observation period: November 1, 2015 – November 27, 2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com

Investment opportunities

Turbo Bull on 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® IndexHR1Y0F 54.9723,200.00 4.52December 15, 2020
Dow Jones® IndexHR1HYN 38.2725,200.00 6.49December 15, 2020
Source: HypoVereinsbank onemarkets; As of: November 30, 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® IndexHR14GG 26.5232,900.009.37December 15, 2020
DowJones® IndexHR1J1M 8.7730,750.0028.36December 15, 2020
Source: HypoVereinsbank onemarkets; As of: November 30, 2020; 3:22 pm

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The article Dow Jones – An index turns waiting loops first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

In the onemarkets blog, experts from HypoVereinsbank onemarkets and technical analysts from GodmodeTrader will tell you what will move the markets before the stock market starts. During the day, the editors keep an eye on the DAX, Dow & Co. for you and show you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

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