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DOW JONES – Resistant Bull Market – Columns

Tuesday,
12/22/2020
14:50

of onemarkets blog

| Views: 95

The Dow Jones Industrial Average® shook itself briefly after the opening bell yesterday and then went back to business as usual: NWith the weak opening below 29,800 points, the bulls quickly took back command of the Dow, and after a strong intraday performance, the index was even able to end the trading day in positive territory.

The American market participants had a completely different assessment than Europeans or Asians, the overriding upward trend in the 4H chart is therefore still intact, the bearish wedge in the 4H chart was only undercut for a short time. Yesterday’s bullish intraday performance shows that the bulls remain in command in the Dow: The path of least resistance is above 29,800 points therefore further north for the time being.

Only a sustainable slipping out of the wedge formation would be seen as a procyclical sell signal, until then the bulls will stay at the helm.

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 21st, 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 21st, 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 50.85 24,050.00 4.86 01/29/2021
Dow Jones® Index HR36XM 25.57 27,150.00 9.65 01/29/2021
Source: HypoVereinsbank onemarkets; Status: December 18, 2020; 2:33 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 18, 2020; 2:33 pm

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The contribution DOW JONES – Resistant Bull Market first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

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 editorial staff keeps an eye on the DAX, Dow & Co. for you and shows you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

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