Yesterday, the Shanghai market rebounded and fell back, purely from the analysis of technical indicators, due to the rebound of the stock index by the 8-day moving average (3558 points) turning downwards to suppress the compression.
The growth of the MACD indicator green bar on the Daily Chart of the Shanghai Market and the opening of the two indicator lines running downwards show that the risk of adjustment has not been completely lifted; the stock index that breaks the middle band of the weekly chart Bollinger Band has the desire to be close to the lower track line. Therefore, there are still lows in the current round of adjustment in the broader market, and the first target level of the pullback adjustment is to fully fill the gap opened by the August 24 high (3477.13 points) and at least step back to the 62-week moving average (3471 points).
The 233-day moving average (3510 points) and the 144-day moving average (3532 points) of the Shanghai market market showed a downward trend, which formed a traction on the stock index below; the MACD indicator line on the 5-minute chart ran below the 0 axis to build an arc bottom pattern and the KDJ indicator line on the 15-minute chart the golden cross diverged upwards, sending out the corresponding level of rebound signal in advance. Therefore, the large-cap stock index will confirm whether the 233-day moving average has been effectively broken, and has the desire to hit the 144-day moving average.
Combined with the above technical indicator analysis, it is believed that: today, the large-cap stock index will rebound upwards from the 233-day moving average (3510 points) and hit 3521 points, and then fall back to adjust to break the support of the 3500 point retracement of the annual line (3495 points), and then the stock index will be pulled up by the touch top of the 256-day moving average (3491 points) running upwards. If the stock index does not hit the 3512 points in the morning session and directly opens the adjustment low, there will be a trend of first suppressing and then closing out of the Yang K line.
Based on the above analysis, the recommended operational strategy for today is:
1, today, if the Shanghai market large-cap stock index did not break through the 3500 points in the morning and directly opened high to rebound upwards, do not chase up and increase the position when there is a pull-up above the gap of the morning high opening. Because, the MACD indicator line and the KDJ indicator line on the daily chart continue to resonate with the dead cross, indicating that the risk of short-term adjustment has not been completely lifted.
2, today, if the Shanghai market large-cap stock index hit 3512 points in the morning and directly fell back to adjust, there is no need for the short-term to kill the fall in the intraday. Because, after the stock index breaks the annual line, the deeper the pit is dug again, the stronger the rebound will be.
(Personal opinion, only for your reference, do not take as the absolute basis for stock trading in hand, the stock market disk changes are unpredictable, everyone in the actual operation, according to the changes in the disk. Buying and selling losses are at your own risk and have nothing to do with me. ）