Shanghai Composite Index 60-minute K-line chart
Yesterday (October 18) at 13:05 noon 3 Market 60 minutes short-term peak and hit 3099.92 points and then lowered as scheduled.
After half-day trading, we have a bearish list. Because Moutai was smashed, the brewing sector fell the most. The second one was the pharmaceutical company with a large rebound in the previous period. Today, the big finance basically did not protect the market , so it is not surprising that the market fell; at the same time, northbound funds still have net outflows, and the A50 futures index shorting has strong strength, which also caused negative news for A shares .
rebounded from 2934.09 points to 3099.92 points, amplitude of less than 166 points. Assuming: the callback is half-touched, then in addition to the 3048.5 point and 3035 point (that is, the 10-day moving average) mentioned yesterday, we should also pay attention to the 50% split position near 3017 points.
Yesterday's article said: "Once the 10-day moving average falls (remember that effectively falls below ), then congratulations! This is equivalent to "step another step". Standing with your feet will be more stable. If you break 3,000 points, you can wait for the signal to appear at any time. You can basically use a slightly heavier position to or add it in!" Whether you agree with this view, it requires everyone to have a different opinion. Anyway, I personally think that it will not break 2,800 points.
Shanghai Stock Exchange Daily K-line chart
Please see the above picture: the support of the 998 points and 1849 points connection line (the purple support line in the picture) is not so easy to break. Look at where this line is now (as of today)? Is it located above 2800 points, below 2900 points, or about 2850 in the middle? As the trend line gradually rises, once this line supports it effectively (see where the market 2440 points are on this line), whether the 2863 points can form an effective horizontal support and whether this point can be seen... I can't say it, everyone will make up for it by themselves. Although
cannot rule out the possibility of breaking the purple support line in the picture, I personally think this is a small probability event. What will happen if it is broken? That's what happened after it was broken.
position is well controlled! I would rather buy low than chase high! Wait for the pullback to stabilize. At that time, it will be up to which sector will take the lead in raising the banner of counterattack.
two time nodes: late October, around November; next March and April...
personal views are for reference only and are not used as basis for operation!
