The market showed a volatile upward pattern on Monday. Investors can see that the Shanghai Composite Index opened 3 points higher at 3388 points in the morning, the ChiNext Index opened 6 points higher at 2046 points in the morning, and the Shanghai Composite Index opened slightly back and turned green and then pulled up. During the session, the brokerage sector led the rise and pulled up the index. The Shanghai Composite Index had a high of 3402 points, and the time-sharing high point appeared simultaneously. After that, the small-level level encountered resistance and fell back, but it slowly retracted in the afternoon, and the index returned to around 3400 points, and major indexes showed a general upward pattern! In the end, the Shanghai Composite Index closed up 14 points at 3399 points, and the ChiNext Index closed up 21 points at 2061 points! So how should investors view and interpret this market?
We can see from today's market that there are 4,121 stocks rising in the two markets, including 116 stocks with an increase of more than 9%, and 735 stocks with an increase of more than 3%. In contrast, there are 1,094 stocks with an increase of more than 9%, including 3 stocks with an increase of more than 3%, and 48 stocks with an increase of more than 3%! According to individual stock data, the number of stocks in the two markets has increased significantly more than the number of stocks in the two markets is nearly 4 times the number of stocks in the two markets is that of the decline. The multi-party have obvious advantages. Most sectors such as education, aviation, medicine, agriculture, securities, tourism, software, chemicals, media, etc. lead the rise, and only a few sectors such as brewing, telecommunications, insurance, and banks are weaker than the market! Overall, the market is still a good general increase pattern of more rises and less falls!
From the technical perspective of the short-term market, the short-term market once again impacted the 3386-3417 range. After the support of the 3332-3336 range, the resonance of the high point of the time-sharing line appeared again, and the market returned to around 3400 points again, but technically, the current daily level and larger cycles are resonant! Next, if there is no weight sector that continues to lead the rise, or there is no obvious positive news in the market, then a short-term adjustment is imminent! Maybe investors don’t believe it, but individual stocks in the market will not lie. Investors should not look at the market today. There is a pattern of obvious rises in individual stocks, or their own selected stocks, and stocks that have risen by more than 3%. It is estimated that only 1 or 2 of the 10 stocks will rise by about 1% or even within 1%. Investors should not look at the Shanghai Composite Index for five consecutive positives, but most individual stocks have really limited growth. It may be a sudden adjustment for one day, and those who have risen by five consecutive positives will return it!
So looking forward to the future market, the market is repeatedly confirming the resonant counter-pressure of the 3386-3417 range. Investors keep a close eye on individual stocks, stocks that have obviously increased in volume and have abnormal movements, and try to control positions and risks; stocks in low-level areas that have not made up for the rise or did not make up for the rise, so keep a close eye on them to see if the market can make up for the rise before it has obviously adjusted! Many times, stock trading requires a little patience and even more so a little luck! Others, nothing is useful to say, the market will give us the answer soon! Only after seeing and experiencing this will investors recognize the “answer” given to us by the market!
The above comments are for reference only and are not used as trading advice; the stock market is risky, so be cautious when entering the market! Investors try to make some reasonable operational choices based on the individual stocks in their hands and combined with the live broadcast idea! If you think the view makes sense, please support it [like + comment + forward]. Like it is important! Finally, Naughty Tianzun declared: Naughty Tianzun has no official account (all are scammer accounts), no Q, no group! Naughty Tianzun will not contact you privately, will not contact you to inquire about stocks, or will not contact you to talk about stock cooperation! If you contact you if you appear "Naughty Tianzun", please block and report it in time. Investors are advised not to be deceived!
