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Why is there another crash? Where's the next support?

Why is there another crash? Where's the next support?

Reading guide:7month23The market opened low and went low,Shanghai Composite Index fell more than 1.5%,Shenzhen Index and the Innovation Index fell around 3%、Science and Technology Innovation 50 Index fell more than 4%:The turnover of the Shanghai and Shenzhen markets today was 662.2 billion yuan,5.7 billion yuan more than the previous trading day; More than 4,600 stocks fell, with a median gain of -2.19%. In terms of sectors: medical informatization concept stocks rose sharply in the afternoon, intelligent transportation concept stocks rose and fell, and bank stocks strengthened against the market; Chip stocks were collectively adjusted, non-ferrous concept stocks fluctuated and weakened, and semiconductors, small metals, liquor, biological products and other sectors were among the top decliners.

Why is there another crash? Where's the next support?

As soon as the hand at the bottom is slightly loosened, the market will immediately show you! From May 23, when the market began to pull back, it has been exactly two months today; The market in the past two months has been a hellish difficulty - the market has fallen by almost 250 points, which does not seem to be ruthless, but the shrinkage of the leeks' accounts is difficult to describe.

The poor market is not the worst, the key is that you can't find the hard-core logical support for going long - the undertaking is getting worse and worse, and the entire market has reached the point where it can continue to rely on "external intervention".

In the [Afternoon Comment] of the VIP customer platform, Brother Qian made a summary analysis and reminder with the title of "There is no living water, this market can only rest"——

Why is there another crash? Where's the next support?

In the afternoon, the market showed a unilateral downward trend, and the index dived after 14:00. This kind of falling market, which does not seem to find a clear reason, is more likely to lead to the spread of panic, so the volume of the tail market can be significantly amplified, and some panic disks have stepped on and fled.

On the disk, in addition to the positive stimulus of the medical informatization concept sector (the National Health Insurance Administration organized experts to study and formulate the "DRG payment scheme by disease group version 2.0" and "DIP payment disease library version 2.0 according to disease scores") rose sharply against the market, there were almost no bright spots in the afternoon.

From a technical point of view, the pullback of the three major indices has entered the 120-minute level, and if there is no decent rebound tomorrow, the daily trend of the Shanghai Composite Index will most likely be a dead fork. In fact, if it were not for the banking sector's desperate protection, the Shanghai Composite Index might have tested the 2,900-point integer mark today.

Yesterday, I have reminded everyone that the risk of a "small double-headed" pullback in the banking sector is increasing! Today's intraday, the banking sector once reversed Monday's negative line, but had no choice but to fall back at the end of the day, and was jointly suppressed by the 5-day line and the 10-day line - the risk of its daily trend "small double-headed" was only delayed, and the hidden danger was not fundamentally eliminated!

Speaking of which, it's time to test the determination and strength of a certain team's disk protection. "Always relying on external forces to continue life" is of course not a thing, but who can do anything good at the moment?

As for the point of general concern to everyone: the Shanghai Index first looks at whether it can hold the 2904-2900 range, if it falls below the 2900-point integer mark, the bulls can only retreat to 2882-2867!