The market closed in the morning, and the three major indexes closed in the red. The closing situation in the morning was actually relatively average. We saw that the closing point of the Shanghai Composite Index fell below 3400 points, only slightly up 0.23%. Such a closing has not formed an effective breakthrough. But it is precisely because of this that the market does not have an effective breakthrough, so we can expect an effective breakthrough in the market.
I know many friends may be worried that the market will always be relatively weak. There is no relatively favorable market trend. Worry that the market will turn down at any time. But my point of view is exactly the opposite. I think that the current market trends every day that come out of this small K-line is a compression of the market. And every day's compression will accumulate energy for the market on the next trading day or for the explosion on the last trading day. So as long as there is no big rise, I think there will be a big rise in the next trading day. Judging from the market index today's morning session, it actually broke through the pressure level of the upper track of the triangle - that is, the pressure level of the technical blind spot that I have been talking about to you in the past two days.
Shanghai Index Daily
And we should pay special attention to this place, that the current technical structure is actually conducive to the upward trend, not the downward trend. Why do we say that, we can see that the six moving averages on the 5th, 10th, 20th, 30th and 60th, including 120th, and these moving averages already have a clear tendency to be bullish. This structure of moving average long arrangement is conducive to the market's upward trend.
And there is a more important point. I found that the CSI 2000 index rose by 1.2% this morning. In other words, small-cap theme stocks are in a situation where the overall strength is strengthening. In conjunction with this, the turnover volume of the two markets increased by more than 75 billion compared with the previous trading day. This is also a bullish signal worthy of our attention.
So what is the final conclusion? My point is to continue looking up until the appearance of the big positive line is accelerated. The target position of the market is still around 3439 o'clock that I told you on the weekend.
At noon, due to some private matters, time is relatively hasty, so the closing reviews came a little late. Don't be afraid of having a good meal.
Like it is the greatest support for me, a purely technical school.
