Good news from "China and the United States"!
On the news side, Yellen will visit China next month, and it is worth mentioning that Yellen's last visit to China was in July last year, and she will visit China again if she has less time than a year!
It is understood that Yellen's plan to visit China reflects her hope to work hard to maintain "Sino-US" relations!
Earlier, the chairman of the National Committee on Sino-US Relations, Orens, said that the relationship between the two countries has rebounded from the bottom, which means that the worst may have passed!
Personally, I think Yellen's visit should be related to the Fed's interest rate cut, because the Fed's interest rate cut has been delayed again, resulting in a bit of pressure on U.S. bonds, followed by an election year;
Personally, I think that if we want to buy US bonds again, we must at least show some sincerity, and we can't sanction our domestic companies on the one hand, and then hope that we will buy US bonds again!
Of course, as long as there is actual progress between the two sides, it is still a good thing for the market, especially the northbound funds, in the past 60 trading days, the net purchase of foreign capital is close to 80 billion, which has shown that foreign capital is still optimistic about the A-share market!
Index Movements:
On Monday, the three major A-share indexes adjusted throughout the day, and the Shanghai Composite Index, the Shenzhen Component Index and the ChiNext Index all walked out of the rising and falling market, among them, the Shanghai Composite Index fell to 3026 points, falling below the 20-day moving average again, and closing out a barefoot K-line with an upper shadow line!
Judging from the current market trend, it means that the short-term market is expected to continue to adjust!
At present, the short-term lower support of the market is between 3000 and 3020 points, if it is strong support, it is around 2950 points, and the upper pressure is in the range of 3080 to 3100 points!
Personally, I think that at the beginning of this week, the market will step back to the area of 3000 points to 3020 points, and it is not ruled out that it will fall below 3000 points, and step back on the 30-day moving average and the semi-annual line.
If the market can stabilize at 3000 points, it is expected to continue to return to the 3050 point range!
As long as the market can fluctuate repeatedly at 3050 points, precipitate the next round of upward chips, and wait for the market to adjust and stabilize, it is still expected to continue to attack 3100 points and the annual line at 3114 points!
On the whole, this adjustment is not a big problem, and it is expected!
Whether it is from the technical point of view or from the external market news, the market has a need for adjustment!
However, this adjustment is not too strong, and from the intraday point of view, it has not come out of the panic selling, and the trading volume has not shrunk significantly.
At the position of 3000 points, there is the care of the village and the protection of the mysterious funds, even if the market falls back to around 3000 points again, there is no need to worry too much