Plate analysis
1. Trend regression:
The gap was expected yesterday, but the direct gap opened low to the lower edge of the gap, and the 3224 points that went all the way down after the opening were unexpected, and then the bulls counterattacked, the bottom of the funds poured in, stopping the downward trend, accompanied by emotional shocks, the market entered a slow downward trend.
3.11 SSE 30-minute candlestick chart
2. Reasons for the decline:
First, it was affected by the peripheral European and American stock markets; second, it was affected by the news that the US regulatory authorities implemented the "Foreign Company Accountability Law"; and third, the net outflow of northbound funds in the afternoon session was 3.6 billion, indicating that among the northbound funds, there are still some peripheral hounds in retreat.
3.11 Northbound capital flows in the afternoon session
3. Trend forecast:
In the afternoon, the support above 3200 points (bottom support in July 2020) will be tested, and it is expected that the decline will stabilize here, and a return to 3147 points is unlikely. Considering that today is the weekend, it is unlikely that there will be a big rebound.
3.11 Shanghai Composite Index Daily Chart
Operational policies
The position is heavier, not easy to operate, and the gamble cannot be too heavy. Positions that are lighter may be entered in a moderate manner in a step-by-step manner.