Artificial intelligence-related sectors are the biggest declines in this wave, of which game ETFs plunged 9.30%, it is difficult to imagine that the sectors that rose the strongest before are "fatal" to fall. Others, such as communications ETFs, software ETFs, and AI ETFs, are also the strongest sectors in recent times.
From the trend point of view, after consecutive sharp gains, these sectors have deviated significantly from the daily MA20.
The capital market is profit-seeking, what is the purpose of the main force to spend such a silver to pull so high? Attract retail investors. Once the goal is achieved, the attracted retail investors will be looted, and in the end, there is the problem of whether their food is ugly.
And this wave of decline, the 30mi level short force is the strongest in recent times. Under the premise of a significant deviation from the daily MA20, there will be more room for adjustment.
Next, the adjustment is likely to expand in two ways:
First, continue to fall rapidly, step back to the daily MA20 level, and then observe whether the short force is exhausted. If the strength of the short does not weaken, it will even fall below the daily MA20.
The second is that there are repeated oscillations at the high, forming a short-term top pattern, and then launching a sharp correction.
Either way, short-term AI-related sectors are only suitable for selling, not for buying.
