The Shanghai Stock Exchange closed negative this week, and the prices in the three cycles of daily, weekly and monthly were all below the 10 moving average. Although economic policies remain loose, the trend is still downward.
Daily chart
Judging from the daily trend, it has broken through 3200 points, breaking the support in the past few days. The previous low was around 3155. The daily decline shows no signs of easing. Although they are all small negative lines, they are steadily pushing down.
Weekly chart
Judging from the weekly trend, the 10 moving average is obviously suppressed, and it will be a matter of time before it breaks below. The weekly trend has a tendency to test 2863. Under the influence of the decline in external stock markets such as the United States and Europe, it is difficult for Shanghai Composite Index to stand out.
Judging from the daily and weekly trends, the tendency of decline will be greater in the future. If you must operate, you can also choose strong stocks and operate with a light position. After all, and as a whole are here, and the general environment still has a great impact on individual stocks, limiting the upper limit of most stocks.
The trend of the US dollar index has cast a huge shadow on the future of the stock market.
-year line
From the annual line chart, we can see that the U.S. index has started an upward trend, so the U.S. index may test 150 in the future, or hit a new high. This trend is continuing, and of course it will definitely test around 120 in the short term. The decline of non-US currencies such as the euro requires a big K line to end, and from the current point of view, this sentiment is still brewing.
After the domestic stock market fell sharply, there must be many opportunities. Save some seeds, sow them when spring comes, and you may have a good harvest!
