The Shanghai Composite Index closed its legs and prepared for a paradigm shift
Hello everyone, I am the waves looking at the stock market
The Shanghai Composite Index pointed out in a review yesterday that the trend is weaker than expected, and according to the observation of the weekly and monthly line, the possible adjustment time will take a little longer. So mid-tier investors still have to wait.
The actual trend of the Shanghai Composite Index today, the high open rushed to the highest point of 3321 points, and then all the way down to the lowest point of 3147 points, oversold rebound in the afternoon, closing at 3256 points. A large long leg with a lower shadow line was collected, and the amplitude exceeded 5%. The magnitude of today's intraday decline and the magnitude of the shock is rare in the past two years.
In the short and medium term, the Shanghai Composite Index closed out a long lower shadow, which means that the pattern of continuous sharp declines may have become the formula of the past, and now it should be changed to a shock mode. That is to say, 3147 points want to rebound, but also a shock rebound, because the continuous number of days of decline has entered an oversold state, this position needs to be shocked to digest the strength of the fall of several days. It cannot be ruled out that after a period of shock, it will fall below 3147 points again, which needs to be judged in conjunction with peripheral events.
Short-term view, short-term is the need to combine the short-term judgment to operate, the short-term is expected to enter the shock, the short-term operation is only to do low suction, it should be noted that there will be a rebound shock tomorrow and the day after tomorrow. Therefore, the operation of the upper step back only does low suction. At this time, chasing high is the most likely mode of loss. Remember. Finally, please collect likes and attention, and I will prompt in advance every time I have a top and bottom.