1. A-shares fell sharply on Thursday, which may indicate that Wednesday's rise will only be a reversal on the way down, and the downward trend has not been reversed, and it is more likely to continue to fall in the short term.
2. Yesterday, A-shares opened low and went low, closing the green K-line with a convex bottom, which is the embodiment of panic in the market, but the continuous low volume shrinkage makes it difficult to release panic, which is the fuse of the market lower.
3. A-shares are currently in a state of six consecutive weekly declines, two consecutive monthly declines, and three consecutive annual declines, which I estimate is likely to intensify the panic in the market, especially the general decline of individual stocks.
Fourth, the central bank data show that the average daily volume of the Shanghai and Shenzhen exchanges in May was 845.1 billion yuan, a decrease of 7.53% month-on-month, which is a true portrayal of the weakening activity of the A-share market, and the average daily volume since June was only 723.6 billion, a decrease of 14.38% month-on-month.
5. News from the National Development and Reform Commission: Since June 28, domestic gasoline and diesel will be raised, and today's A-share oil concept sector will usher in opportunities, and the oil sector is the tenth largest industry market value sector of A-shares, or will promote the market to a certain extent.
6. Chinanews news: In the first half of the year, A-share new shares raised 32.478 billion yuan, compared with 209.677 billion yuan in the same period last year, a year-on-year decrease of 84.54%, which will send a certain positive signal to the A-share market.
7. Overall, I think that A-shares are more likely to continue to fall in the short term, but under the influence of good news, A-shares may go higher on Friday, so my point of view is: I am very cautious about the trend of A-shares on Friday, and the Shanghai and Shenzhen indices will eventually close in the red, and individual stocks will be the result of rising more and falling less.