All stock indexes fell across the board on Friday, with the Shanghai Stock Exchange Index falling more than 1% and the ChiNext Index falling more than 2%. The Shanghai Stock Index fell below the support, basically announcing that the top has been established. The market outlook can wait for confirmation signals from other indexes breaking their levels.
The Shanghai Stock Index continues to fall this week. After the upward channel is broken, it is expected to form a downward trend. Theoretically speaking, it is still possible for the Shanghai Stock Exchange Index to be double-headed, but in fact, I am afraid it is not realistic. If it hits the mid- to long-term Yin level later, the top will be officially established. The loan moratorium crisis should not be underestimated. This is a signal that the real estate crisis is further fermenting, which may lead to systemic risks later. The scene in the movie " The Big Short " may be staged, but it is not that serious. Don't worry too much. The impact is short-term, just a little painful, and won't hurt your muscles and bones. We should remain optimistic about China's economy in the long term.
Bank stocks have fallen for 3 days in a row. Judging from the March line of the China Securities Bank Index , it has chosen to go down after continuous consolidation, emerging from an N-shaped structure. Bank stocks have been range-bound in the long term. If it lasted for 7 years from 2015, it would also last for 5 years from 2018. Judging from the current trend, the market outlook is expected to fall below the lower track, and once effectively falls below , then a measurement target will point to the 2012 low. We have analyzed many times before that a large-scale global financial crisis is bound to break out. Although the impact of China will be limited, it will not be able to survive alone. The bubble in the real estate industry will burst and the banking industry will be under tremendous pressure. This is the main driving force for the decline of bank stocks. Bank stocks have been trading sideways at high levels for a long time. Once they choose to go down, they will be devastated. Be careful! ! !
The GEM index fell sharply today after rising sharply yesterday. It was indeed a bluff. There is currently no clear top signal for GEM . Theoretically, there is still the possibility of new highs, but it is impossible to rise sharply continuously. At most, it will be a double head. The probability of going straight down next week is greater. If there is a negative decline in the medium and long term If it breaks 2674 points, then the top is established.
The Shanghai Stock Exchange Index took the lead to turn downward, and systemic risks have emerged. The late Changyin is likely to appear next week. Once the decline is established, it only takes one-third of the time to absorb this rebound. This is a rule. Continue to wait for Changyin next week. If it appears smoothly, the suspense will be killed and a new round of decline is already on the way. We have mentioned the opportunity of shorting in commodity many times before. Now we can see that there has been a smooth sharp decline. The Wenhua commodity index hit a record with 13 consecutive negative days on the daily line. This is also an important reference for economic recession. index. (Source of the article: Public account "Black Mouth Terminator")
This article comes from the financial world
