Tomorrow's rally level is small and should not be started--- 1028

Futures market coal, chemical, natural gas plunge transmitted to the A-share market after dragging the index all the way down, the Shanghai Composite Index successively broke through the key 3550 points and the previous low of 3518 points, which makes what we have been saying double bottom evolved into ABC down 3 waves, which is the worst situation has happened. The number of up and down stops in the two cities is almost the same, the volume of transactions has declined, and the market is extremely bad.

Technically speaking, the continuous decline of these three days completely exceeded expectations, originally expected to be at most a Shanghai composite index above the daily line to do a double bottom pattern, that is, the index rose after the adjustment of the W bottom, but today simply broke through the key position of the 60-day line, due to the rapid decline rate, this appeared yesterday's review said, if the index fell below the 60-day line or broke through the 3518 points of a new low, this double bottom structure was destroyed, the index will appear ABC three waves of adjustment of the 3rd wave of the fall wave, it is currently this situation!

Below the Shanghai Composite Index is the 3493 point annual line support, which has been short-term below the annual line twice in July and August and then pulled back, and it is not excluded that this time there will also be this situation. Daily due to the MACD indicator again dead fork, the trend short-term destruction, 60 minutes cycle MACD opening is amplified and extended, short-term look here is no bottom structure, only a small cycle before the close of today appeared a small bottom structure, but this rebound corresponding to the rebound time is only up to 2 hours, that is, tomorrow's opening will be a rush to rise, the volume can keep up, the index or will rebound a while, the volume is not enough, continue to explore the bottom shock, here from the 3493 line there are still about 20 points, A little more space to kill is almost enough. After all, the support of the annual line is much greater than the 60-day line.

Tomorrow operation, if the futures market coal, chemical cycle stocks no longer fall sharply, it will not affect the opening of A shares, tomorrow morning there will be a 5-minute cycle of rebound, the time of about 2 hours, 15 minutes cycle will then go well, pay attention to the pressure near the upper 3530 points, if the volume is not enough, the index will continue to fall, but also fall below today's low, only close to the annual line near the 3493 points near this bottom will appear. At present, in addition to the 120-minute cycle of the Shanghai Composite Index, there may be a bottom structure, and the remaining 30-minute cycles do not have a similar structure, so even if there is a rebound in these days, it is a very short time, and it does not fully indicate that the bottom has been successfully bottomed, and the current rebound is to delay the speed of the decline, and it is also a process that must be experienced at the bottom.

Heavy positions, high stock positions, you can take advantage of the rebound to reduce the point, the index will also fall below today's low, because only if it falls, there is a reliable bottom structure, so do not fantasize that the index will return to the 60-day line as soon as it rebounds, which is unlikely, unless the good news stimulates the storm. In the fall rebound, pay attention to who puts the amount of change first, this is the vanguard of the rebound, you can try to intervene in small positions, medium and long-term swing trading should not open new positions, here the rebound cycle time is too short, there is no good operating space, at least 15 minutes of cycle above 1 day and a half -2 days of rebound to have room for operation, now not yet, at least next week 1, 2 will appear similar opportunities!