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Dow Jones – Patience is Required (Part 2) – Columns

Friday,
December 18, 2020
16:54

of onemarkets blog

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After a weak start to the trading week, the Dow Jones Industrial Average® has pushed up again bit by bit in the past few days. The cap in the chart still applies. The starting position is unchanged, so the last analysis is still valid. It’s all about fine tuning. The return to the wedge is to be rated positively, the formation in itself, however, shows a bearish character. Investors should currently be open to both sides. Below 29,820 points, the index could fall significantly to 29,569 points and over several days to 29,199 points.

If, on the other hand, the lid bursts, which would currently be the case with courses above 30,390 points, the way to the projection target at 30,620 points would be free. In terms of sentiment, the market tends to remain at the limit, but so far there are no reversal signals in the chart.

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

old
Observation period: November 3rd, 2020 – December 17th, 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: December 1st, 2015 – December 17th, 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

Underlying WKN Ask rate / EUR Base price / knock-out in pts. lever Final valuation day
Dow Jones® Index HR2LVQ 51.92 24,050.00 4.77 01/29/2021
Dow Jones® Index HR36XM 26.64 27,150.00 9.29 01/29/2021
Source: HypoVereinsbank onemarkets; Status: December 17, 2020; 3:18 pm

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 day
DowJones® Index HR4246 37.41 34,800.00 6.62 01/29/2021
DowJones® Index HR2EBW 22.55 33,000.00 10.98 01/29/2021
Source: HypoVereinsbank onemarkets; Status: December 17, 2020; 3:20 pm

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The contribution Dow Jones – Patience is required (Part 2) 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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