Today's market is still unexpected by many people, the Shanghai index opened low in the morning, and fell 16 points in 1 minute, this kind of change is really worrying, after all, the closing situation on Friday is not very good, after such a low opening in the morning, it is easy to think of a phenomenon, that is, the market is going to bottom out for the second time, this bottoming area may be in the 3500 point or 3550 point area, 3550 points is the position of the 60-day line, and the 3500 point area is the low point in early October.
But this morning's decline, come and go quickly, after the opening of the 1 minute decline, the index will appear to gradually stabilize the signs, to 10 o'clock the whole Shanghai index has been red disk, from this phenomenon can be seen that the current long power is still very strong, if the short power is greater than to do more, the probability will not have the early low after the pull up, which also tells us that the continuous flow of northbound funds last week is an incentive for the market, so this is also the reason why the Shanghai index finally closed up 27 points throughout the day.
In fact, the focus of today's market is not only the red benefit after the low opening, I think it is more reflected in the tail stage, the pull-up after 14 points broke through 3600 points, this significance is still quite large, especially a reversal signal appeared.
Why?
Let's first review the intraday Shanghai 50 Index and the CSI 300 Index on Friday, as well as the securities company index at that time to do an inverted V, that is, at the close of 11:30 in the morning, there was a wave of rapid pull-up, and then in the afternoon it fell step by step, when the most typical performance was the securities company index, almost from where it came from, and at the close it fell back to the position of the pull-up at that time, I remember giving a point of view at that time, that is, this is the washing behavior before the pull-up.
If this judgment is linked to today's disk trend, it is easy to verify the view at that time, which is particularly evident in the securities company index, which fell by 0.88% before 13:38, but after this time, that is, the time period of the end of the session, there was a rapid upward pull- up, and by 14:25, not only was the previous decline effectively recovered, but the securities company index also rose by 1.71%. This is equivalent to the brokerage index in about 40 minutes to pull up almost 2.5%, and the phenomenon presented is a lot, and then look at the CSI 300 index is also rising from this time, the performance of the Shanghai index is more obvious, up 11 points at 13:38, and by 15:00 in the afternoon, it rose by 27 points.
Then look at the Shanghai Composite Index closed at 3609 points, the form of the index is a big Yang line swallowed the previous three days of horizontal finishing, it can be said that today's intraday from the most popular plate index is the securities company index, the core of the upward breakthrough of the Shanghai index is the strength of the brokerage, from the form of the securities company index to see the past 8 days are at a low level of shrinkage finishing, today suddenly appeared a small Yang line, the key is that the entity of the Yang line and before there is a big difference, it seems to be a little out of the game, This can also be seen as a reversal signal in the market.
Don't think that this is a big deal, remember that from the end of August to the middle of September this year, the reason why the Shanghai index can touch 3700 points, is that the securities company index broke through the market, of course, history can not simply repeat, but for some of the details of the reversal phenomenon that appeared on the disk we should still pay enough attention.
Of course, the upward estimate of this index will be full of ups and downs, and the previous rise will be different, after all, the amount of funds relative to the previous convergence of a lot, this you can clearly feel from the volume, this time to put out the previous large amount is also more difficult, anyway, just so slowly oscillating upward is also a good way.
Disclaimer: The content in this article is for reference only, does not constitute any operational advice or tips, the stock market is risky, please be cautious about investment!