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What happened to the broader market today? Is this strong rally a rebound or a reversal signal?

author:The inheritor of wave theory, Mr. Bo

The performance of the broader market today is indeed remarkable. The emergence of this extreme market often means that buying the bottom can have rich returns, congratulations to those who entered the market today. #优质作者榜#

What happened to the broader market today? Is this strong rally a rebound or a reversal signal?

The reason why the market will fall sharply and rise sharply today is more due to technical and market sentiment. Because the most critical support level at the moment is 2724 points, as long as the market does not fall below here, then there is a possibility of continuing to rise. But unfortunately, the market has fallen below today, and then investors see this phenomenon and feel that there is no hope for the future, so they have sold, which led to a large number of sell-offs in a short period of time, and the market was knocked down all of a sudden, and the lowest once touched around 2650. At that time, the number of stocks that fell to the limit was close to 200, and the decline of thousands of stocks was already about 9%, and the market's investment sentiment was once close to freezing.

But you must still remember that I said before that 2650 is a very important support level at this stage, and today the market is about to touch here under very extreme circumstances. At the end of the day, the market closed with a long lower shadow.

What happened to the broader market today? Is this strong rally a rebound or a reversal signal?

But unfortunately, according to my previous analysis, today's trend in the market is expected, including the subsequent rebound is also expected. Therefore, the market is still in a downward trend, and we still have to treat the current situation with a rebound mentality.

What happened to the broader market today? Is this strong rally a rebound or a reversal signal?

The position of the decline of the market is right, but the pattern of the trend cannot keep up, so the follow-up market still has to re-test around 2650. This wave of market has been caught, remember to come out in time.

Not much else today. At present, it is a matter of seeing where the market can rebound next week.

The above content is for reference only, the stock market is risky, and you need to be cautious.