What does this trend mean? Personally, this trend shows that the short-term market may have a tendency to weaken, but the two sides of the market are not completely divided. Long and short are still in the process of entanglement. We all know that last Friday was a 1% sunny line, but today's rise is not sustainable. Once there is no continuity, the possibility of turning around and going down increases.At the close, the three major indexes closed green across the board. At the close, the Shanghai Composite Index fell 0.05%, the Shanghai Composite Index fell 0.55% and the Growth Enterprise Market Index fell 0.81%. As of the close, the number of households rising in the two cities was 2040. The number of falling homes is 3216! As of the close, the turnover of the two cities was 1.66 trillion, a decrease of 156.3 billion from the previous trading day.Today's market trend is quite different from the adjustment trend I expected. You can have a look at the hand-painted forecast chart I updated yesterday morning about today's trend. Today, there is no obvious negative line in the market index, but a slight green cross star appears. Since the direction is right, I can barely score 60 points.
Statement of the work: Personal opinion, for reference only.What does this trend mean? Personally, this trend shows that the short-term market may have a tendency to weaken, but the two sides of the market are not completely divided. Long and short are still in the process of entanglement. We all know that last Friday was a 1% sunny line, but today's rise is not sustainable. Once there is no continuity, the possibility of turning around and going down increases.Statement of the work: Personal opinion, for reference only.
Today's market trend is quite different from the adjustment trend I expected. You can have a look at the hand-painted forecast chart I updated yesterday morning about today's trend. Today, there is no obvious negative line in the market index, but a slight green cross star appears. Since the direction is right, I can barely score 60 points.Another feature is that the main control ability is relatively strong, and the market really seems to be unable to fall. Dive quickly in the session, but pull back quickly in the late session. The biggest increase of the index was over 0.6%, but the biggest decline in the afternoon was also over 0.5%. Judging from today's intraday diving, diving is not sustainable. On the contrary, we feel that there is an "invisible big hand" holding the index firmly. Near the end of the session, part of the chassis entered the market, and the market index rose further, and finally it only fell slightly.