The reason for the fall has been found!
On Wednesday, the three major A-share indexes collectively adjusted, among them, the market fell by more than 1%, the ChiNext index fell by more than 2%, more than 4,300 shares fell in the two cities, and 32 shares fell to the limit;
Since April 2, the current sharp decline has fallen by 1.6%, the lowest step back to around 3013 points, since mid-March, the entrepreneurship index has fallen as much as 7%, many technology stocks have fallen sharply, there is a sharp decline before the holiday "taste".
What caused the market to fall on Wednesday?
Personally, I think there are mainly the following reasons:
First of all, Fitch has downgraded the rating, but I personally don't think the impact is big!
After all, foreign institutions were bearish on us ten years ago, and we are not developing well, so don't worry too much!
However, Hong Kong stocks did not fall, but rose sharply, A-share domestic capital sold more than 40 billion, and the three major indexes were adjusted across the board, which is a bit incomprehensible!
The second is the disturbance of performance thunder, the recent first quarter, the annual report disclosure, some performance thunderstorm companies have fallen sharply, which also has a certain impact on market sentiment!
In addition, due to the disclosure of CPI data in the United States on Wednesday night, and the disclosure of economic data such as CPI on Thursday, some funds tended to be safe-haven, thus fleeing some funds!
Finally, there is the technical reason, the market rebounded weakly on Tuesday, as a relay of the fall, and there is a need for continued adjustment on the technical side, which is also one of the reasons for the decline of the market!
Index Movements:
Judging from Wednesday's market situation, it is expected!
After all, in a previous article, we also mentioned that the broader market rebounded weakly on Tuesday.
Whether it is the rebound of the white line, or the volume and market style, it shows that the market is currently in a state of chaos!
These aspects all reflect that the rebound of the market is a weak reversal behavior, and it is difficult to continue to increase the volume of the attack, and it is reasonable to continue to step back after the weak rebound.
Will the market continue to adjust sharply next?
From the perspective of market trends, the market has fallen below the short-term important moving average, and the short-term will temporarily look at the previous support level, that is, the range of 3000 points to 3020 points.
During the session, the market bottomed out at 3013 points and rebounded, indicating that the range is supported.
Next, the market stepped back into this position again, and I still believe that some funds choose to protect the disk.
But after the market retraces this position, can it get out of it and continue a decent rally?
It depends on the volume, after all, we have previously emphasized that the infinite rally will definitely fall back, and Tuesday's trend also confirmed our previous statement.
Personally, I believe that if the market wants to continue to attack, it must meet these conditions, first of all, the trading volume must return to about 900 billion, and the funds will come out of resource stocks and return to the main line of science and technology, driving popularity;
Even if there is a sharp adjustment in the market, there is no need to worry, the probability of a short-term sharp adjustment is relatively small, as long as it stabilizes around 3000 points, the market is still expected to get out of the shock upward market, and it is expected to repair 3100 points