Lead
In the market trading on October 30, the Shanghai Composite Index closed up 1.32%, but the Shenzhen Component Index and ChiNext Index fell 0.82% and 2.95% respectively, and the whole market showed a mixed pattern.
At the same time, the turnover of today's market has also shrunk significantly to 2.16 trillion, and the overall market activity has greatly declined.
In the evening, it was reported that the trading systems of the Shanghai Stock Exchange and the Shenzhen Stock Exchange were upgraded over the weekend, and a two-way test was conducted on Friday, marking that the compatibility of the trading systems of the two sides has been debugged.
But under the weekend news, this news is still a bit heavy, so after the market opened today, there was a wave of surge.
How many problems does a red pillar that rushes up and falls back mean?
After the market rose in the morning, but because the overall operating environment of the market is not suitable for bottoming, it is also a "red pillar" thing.
It's just that in this "red pillar", several problems are still reflected.
The first is that not all stocks in the "red column" are rising.
Just as three indices rose by 1.32% and -0.82% and -2.95% today, the Shanghai Composite Index was not the only one that rose by 1.32%, because the Shenzhen Component Index also counted the decline.
Just like today's rise, it is not only due to the 1.32% increase in the Shanghai Composite Index, but also the decline in the ChiNext Index and the Shenzhen Component Index.
Therefore, today's "red pillar" is not very pure, because the GEM index and the Shenzhen Component Index also have a certain rise, which is a state of mixed gains.
And in this "red column" will not change the downward trend of the current market trend.
It is not difficult to find from the trend of the three major indexes that three of the three major indices have appeared in the physical negative line for three consecutive trading days.
It shows that there is a strong momentum in the short term.
And the three major indexes correspond to individual stocks in different sectors, only the Shanghai Composite Index corresponding to large-cap stocks rose by 1.32%, while the Shenzhen and ChiNext indices both fell to varying degrees.
This suggests that large-cap stocks may have a certain degree of risk aversion, but small and medium-cap stocks may have a certain degree of decline.
In such a situation, the question arises: are large-cap stocks going up?
Judging from a single "red pillar" does not explain the problem, it also needs to be seen from the big picture.
Judging from the trend of the three major indexes, the Shanghai Composite Index has a "tombstone K-line".
And then there is a negative candle, indicating that today's market makers are relatively weak, so tomorrow the market will still have a bearish trend.
From the perspective of market trends, the market has formed a downward channel after falling below the 5-day moving average K-line, and has not rebounded yet, so it shows that the market is still in a downward trend.
How will the market go tomorrow?
Judging from the daily candlestick, the current support point of the Shanghai Composite Index is around 2900 points.
Therefore, tomorrow the market will gap lower and break below 2900 points, then the support of 2900 points will be broken, and the market will continue to decline.
However, if the support of 2900 points can hold, it means that the market still has a chance to rebound.
Judging from the current market volume, due to the shrinkage of the trading volume, it shows that the stock game and the speed of the market to squeeze out funds are faster.
And if the Shanghai Composite Index falls below 2,900 points tomorrow, then the market will continue to move sideways, and even hit a stage low.
However, if the Shanghai Composite Index falls below 2900 points, it is necessary to pay attention to the support point near 2790 points.
It can be seen that the important support of 2900 points has also become the support of 2790 points.
Judging from the current market, we still need to wait, we can't operate blindly, and we need to wait for the market to form a certain direction before we operate.
Frequent entry and exit is not recommended until the market has experienced directional fluctuations.
From the perspective of daily trading volume, there was only 2.16 trillion trading volume on the day, and it has not even reached 3 trillion trading volume.
Therefore, if you want to get out of the "slow bull" market, you need to pull the daily trading volume of the market back to the trillion level.
Why is this happening?
Since there is no follow-up sentiment after the market rebounds, it shows that the market is still a stock game.
That is, the funds will be switched outflow, so there will also be a situation of distraction.
If there is not enough volume, the market will not trend.
Moreover, even a favorable backdrop cannot change the current market trend.
Only after the market is stable can we better solve the problem of stock game.
At present, the market is only large and stops falling under the stimulation of good news, which is not suitable for bottom-buying operations.
Because before the rally comes out, the market may face the risk of gapping low.
In addition, the market is also likely to form some support around 2900 points in the short term.
After all, 2900 points is an important integer and a support point for semi-annual expectations.
However, looking at the current market, the overall market is still in a downward trend. Although it can form some support around 2900 points, it cannot change the downward trend of the overall market.
And because 2950 points broke through and stepped back again, 2950 points became a new round of suppression level.
Therefore, if the market wants to rebound, it will also encounter some resistance around 2950.
epilogue
As far as the current market situation is concerned, investors cannot blindly follow the trend, and need to calm down to make accurate judgments.
At present, the volatility of the market has increased, and the psychological tolerance of investors has also undergone some changes, so the management of emotions has become more and more important, and emotions determine the success of trading.
In the future, fundamental analysis will become more and more important, and we must also learn to avoid relying too much on short-term technical indicators.
At the same time, the changes in the policy will also have a more far-reaching impact on the market, and we must also pay attention to the policy dynamics in a timely manner to make corresponding investment strategies.