Although the market plunged today, in fact, at the weekly level, it has not yet fallen below the offensive line, and it has remained intact in the medium and long term, so there is no need to worry too much for the time being. As long as the medium and long-term trend is good, the market still has a foundation for sustained strength, so be patient and wait for the adjustment to be in place.Market summary on Friday
The mid-cap stocks of CSI 500 also fell below the offensive line today, initially weakening, and the small-cap stocks with a large market value of CSI 1,000 also fell below the offensive line. The Shanghai and Shenzhen 300 stocks also weakened completely in the short term, and so did the Shanghai Stock Exchange 50. Therefore, when the Shanghai Stock Exchange 50 and the Shanghai and Shenzhen 300 stocks weakened, the market pressure was relatively large. When the heavyweights stopped falling and stabilized, the market pressure was relatively small.However, today's closing price has not fallen below the short-term trend line, which is almost the same. Today, the short-term trend line has closed at 3,391.33 points, and it will definitely not fall below 3,391 points next Monday. If it falls below, the short-term trend will be completely weakened, so it is necessary to further reduce the position. If it stays above 3,392 points, you can take a look again, so it depends on whether there is any good news over the weekend to support a repair on Monday.There are indications that the short-term trend of the market is not optimistic, or it needs to be cautious. In addition, I have told you before that the first few trading days of the market are above the offensive line and the pressure level, and the previous three consecutive trading days have been a breakthrough in the solid line, but today it has returned to the pressure level, that is, below 3428 points, indicating that the market is now back to the state of interval shock. If it returns to the state of interval shock, Then, once it falls below the short-term trend line again, the possibility of further testing the lower rail is not ruled out. At present, the support of the lower rail is around 3298 points, and the front is supported by a wave of lower rail that is adjusted and stepped back, which has stabilized and then ushered in this wave of rebound. Now that we are back below the pressure level again, we should be prepared for further weakening.
Market summary on FridayThe disk is very clear, and there will be more changes next Monday.The disk is very clear, and there will be more changes next Monday.