US stocks fell sharply yesterday. Today the market opened directly lower and opened at 3037, almost hitting the 3036 point mentioned yesterday. As small-cap stock hit the bottom for the second time, it immediately started a rebound, but the intensity was much weaker than expected. It was directly suppressed by the 5-minute rhythm.
afternoon fell further to a new low after opening 3031 points. In the last 30 minutes of trading, had funds flowing back into the market and closed at 3045 points. Although today's trend is weaker than expected, you can still give it another day to observe. If it rebounds later, the criterion for judging the strength of the rebound is whether the 15-minute rhythm can be quickly broken through and withdraws to stand firm.
Today’s market trend can explain two problems: First, yesterday’s decline has not been completed. The most important reason is that yesterday’s panic buying point appeared too late. , so the time left for the rebound was short, no long leg was formed, and the small to large trend could not be completed on the same day. After overnight, it passed a new low at the end of today and formed the 15-minute trend and 5 minutes is an interval set on the back; the second is 3036 points have played It has a certain stopping effect. There was no accelerated decline before the closing, but it quickly recovered to above 3036. However, if it cannot get out of this range immediately, repeated fluctuations in the position will increase the possibility of falling below. Therefore, if you cannot quickly break away from this range at the opening of Monday and quickly break through the 15-minute rhythm, you should beware of the possibility of further weakening of the trend.
Small-cap stocks have been particularly weak recently. They have been falling almost every day this month, and there has not been a decent rebound in one day. Whether they can stop their decline is also a key factor in whether the market can rebound. According to the view that the weak are always weak, the main force of this round of decline is small tickets, so it is recommended to withdraw quickly after a rebound. If the market hits new lows, the worst of them will be for small stocks, because large stocks have already fallen deeply in the last round, and some sectors have a large-scale reversal structure. Even if the market hits new lows, the sectors will not reach new lows. Looking back at the small ticket, looking at the weekly level, 500 and 1000 are still very high, and there is no divergence in structure, and their decline may be far from over.
