The market couldn't wait to close after rising for only three trading days, and the cross star was about to change direction, just like a bucket of cold water extinguishing the last spark at the end of the year. As everyone knows, it has never really rebounded, and the index's slight rebound is just a symptom.
Today’s closing daily K-line chart of the Shanghai Composite Index
From the daily K-line chart of the Shanghai Composite Index after closing today, we can see that the closing point of 3087 was well suppressed by the BBI moving average of 3099. This may bring a little joy to those who like technical analysis. Technical analysis is awesome!
Little did he know that this was just an appearance. In fact, the stock market had never rebounded!
Everything must be based on evidence and let numbers speak for themselves. Technical analysis is mostly unreliable.
I saw a big V named Liu live broadcasting last night. I couldn't help but be curious. I went in and took a look. The young man had no expression on his face and said with great assurance that the market had broken through the 10-day moving average and it was a foregone conclusion that it would continue to rise.
watched for a few minutes and silently exited. I wonder how many of his fans are taking over today. Without further ado, take a look at the following pictures.
The main capital outflows from the two cities today
As you can see from this picture, although the northward capital inflow was as much as 3.9 billion, this did not stop the determination of the main capital outflows, with a total outflow of more than 24 billion. This is the reason why both Shanghai and Shenzhen cities fell slightly today.
Main funds have flowed out of the Shanghai stock market for four consecutive days
Main funds have flowed out of the Shenzhen stock market for four consecutive days
It can be clearly seen from these two pictures that although the Shanghai and Shenzhen indexes rebounded in the past few days, the main funds have been flowing out, but the extent of the outflow is smaller, which makes some people think that the decline has reached the bottom and has begun to rebound. The bull market is coming.
To put it bluntly, if the main funds from the two cities continue to flow out, the market may fall below 3,000 points again. By then, in less than a year, the market will fall below 3,000 points three times, which will give technology enthusiasts a good historical reference.
When will it end? When does the real bull market start?
said for sure, no one knows. Those who preach about today or tomorrow for the sake of traffic must not be credulous. In China, as the impact of the epidemic on the economy is alleviated and various policies are implemented, the economy is expected to recover. However, the international situation is complex and the uncertainty of the US economy has an inextricable impact on the A-share market. Therefore, the main funds will be cautious.
all say quantity is price, quantity is price, yes, quantity is the key indicator. Only when the main funds in the two cities begin to flow in continuously, may it be the clarion call for counterattack! Let’s look forward to it together!
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