A series of things that have happened in the market recently have made many people think about it. Even people who don’t care much have begun to be affected by the push information. However, if these are handled properly, they will not have much impact. After all, they are still a minority. . In the next month, the stabilization fund will also be launched. It is good that many problems are being exposed now.
1-hour chart:
Judging from the 1-hour chart, it is still maintaining a weak consolidation state for four hours a day. Judging from the 1-hour trend chart of the Shanghai Stock Exchange Index, it is still very weak and has been beaten by the 5-hour trend. Suppressed by the moving average.
On the daily chart:
From the daily chart, the jump in the previous few days is away from the gap. Since it has not been filled in the past few days, the gap is established. And from a morphological point of view, the market seems to be gathering momentum at this position, but no matter how you look at it, there is still downward momentum. Still sticking to the original point of view, the market basically points to the intersection of the 60-day moving average and 0.618, which is almost around 3200 points. The market will mainly wait and see before pulling back to this position.
The turnover of Shanghai and Shenzhen stock markets today was 1.0279 billion, which was 85.6 billion higher than the previous trading day. The transaction volume of the two cities returned to one trillion yuan.
northbound fund flow:
northbound funds sold a net 917 million yuan throughout the day; of which Shanghai Stock Connect net sold 2.861 billion yuan, and Shenzhen Stock Connect net bought 1.944 billion yuan. Northbound funds have been net selling for four consecutive days this week. This is also one of the negative factors for the current market.
Operation suggestions:
The trends of the three major indexes are divergent. The GEM index rose sharply, while the Shanghai Composite Index fell slightly. On the market, track stocks continue to be sought after by funds. stocks in the sector have set off a daily limit trend. Semiconductors, military industry, lithium batteries, etc. are all active. Generally speaking, individual stocks rose more than they fell, with more than 2,600 stocks rising in the two cities.
position control: The current position is 5%.
The falling market gives us time to constantly select targets. As I said, the market is going down, which does not mean that all targets will fall, because the market has returned to the structural market trend of previous years. During the market decline, constantly update your stock pool and keep track. The decline is for a better rise. The market basically points to the intersection of the 60-day moving average and 0.618, which is almost around 3200 points. The market will mainly wait and see before pulling back to this position. After the market reaches the target position, you can consider slowly deploying it. (Personal opinion, for reference only!)
