The market bottomed out and rebounded on Tuesday, and the overall fluctuation continued. This is a common trend after a decline, which is a downward relay and will restart the decline at any time after Wednesday.
Generally speaking, most of the time, the market will rebound or fluctuate after a sharp drop. Today's trend is in expectations. The stock index has only accelerated its decline for one day, and the selling pressure has not been fully released. The overall panic in the market is not enough. From the daily line, it is not much different from the 5-day moving average. The CSI 500 is even falling against the 5-day line. Therefore, the previous judgment is still maintained, and the process of accelerating the decline will not end like this, and there will be a larger negative line later.
From the perspective of US stocks, it closed for a long time after a long negative on the 7th. Nasdaq futures have now fallen below the 3-day low, and the possibility of a triangle has been ruled out. The current suspense is whether it will pull back or directly break the negative position. The previous two consecutive days of big rises were just pullbacks after falling below the June low. We have analyzed that it is impossible to form a so-called big double bottom here, and it is only a matter of time before it finally falls below the effective break. Next, pay attention to whether there will be a long negative break. Once it appears, it will effectively fall below, and the decline will be accelerated.
As of the time of publication, the FTSE A50 futures index continued to trade sideways, and it is likely that it would be "a long-term market decline"; the US stock futures index has fallen by 1%, and the possibility of a long negative break is not low. If the foreign market falls sharply, it will be difficult for A-shares to maintain fluctuations on Wednesday. They will directly accelerate the decline. Let's continue to wait. (Article source: public account "Black Mouth Terminator")
This article is from the financial world
