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Today, the stock market is unusual, is the direction clear?

time：2023-03-24 00:57:34 source：clevelanddrifters.com author：Technology stocks

Today, the stock market is unusual, is the direction clear?

Today's stock market is unusual, because when the market opened in the morning, the three major A-share indexes collectively went out of a wave of higher openings. As a result, after smashing the market for a while, it began to bottom out and rebound. Although the ChiNext and Shenzhen Component Index did not turn red in early trading, the Shanghai Composite Index turned red in early trading. It can be said that the three major A-share indexes have already turned red in early trading. It's a twists and turns. This kind of market is too volatile, so today's stock market is unusual, and, more importantly, although the Shanghai Composite Index has turned red during the intraday, the number of stocks that fell in the intraday market has an advantage, and the profit-making effect is not strong. So, today, the stock market is unusual, is the direction clear? The author uses three aspects to illustrate some of the next stock market conditions. First of all, we can see a phenomenon, that is, the Shanghai Composite Index had a fall in the early trading, but after it returned to the 900-day moving average, there was a wave of stop falling and rebounding. What does this mean? This shows that the current 900-day moving average has begun to form a certain support for the Shanghai Composite Index, and the last bottom was also generated near the 900-day moving average. Therefore, the 900-day moving average is a support level for the Shanghai Composite Index. Today, the Shanghai Composite Index touched the 900-day moving average and immediately stopped falling and rebounded. After all, this is the lower edge of the sideways support position. In the author's opinion, this is the most critical factor that determines the next market. Before, the author also said that the current sideways space of the Shanghai Composite Index is between the annual line and the 900-day moving average. Then, if the 900-day moving average is broken, it means that the sideways space has been broken. At this time, the market will start a fifth wave of decline. Therefore, the author believes that it needs to be observed in the short term. Once the market stops falling at the 900-day moving average, it is likely to rebound. However, once the market falls below the 900-day moving average, it should be out of the market immediately. Judging from today's situation, the 900-day moving average does have great support. However, the reason why the Shanghai Composite Index was able to walk out of the independent market today is not only because of this moving average, but more importantly because it repaired the polarized market between the GEM and the GEM, which is why the Shanghai Composite Index took the lead in turning red today. Secondly, it can be seen from the weekly line that the Shanghai Composite Index has been running along the 20-week line for 6 consecutive weeks, and all of them have closed in the form of small yin and small yang. Moreover, in the past 6 weeks, the Shanghai Composite Index has been running along the 20-week line. Between the 10-week line and the 20-week line. This kind of sideways trading for several consecutive weeks is already the limit, and it is unlikely to continue to trade sideways. Therefore, this week, maybe next week, the direction of the stock market is basically clear, as long as it breaks out of the market, then there will be so-called continuity. What does it mean? It means that if the 10-week line is broken, the market will continue to rise, and if it falls below the 20-week line, it will walk out of the fifth wave of decline on the daily chart. Therefore, the safest way is to wait for the market to break through before entering the market. It's not too late. After all, the longer the sideways trade, the clearer the direction, and it is unlikely to end in a few trading days. Finally, in fact, what worries me is the ChiNext Index, because the ChiNext Index has been operating above the 60-week line for 9 consecutive weeks on the weekly chart, and it runs along the 60-week line. Not only that, there are not many strong weekly suppression lines even on the weekly chart of the ChiNext. In the absence of pressure, the market continues to go out of the sideways and stagnant market, which is basically an unusual phenomenon. At least, in the author's opinion, after encountering this kind of breakthrough, the continuous sideways market will be avoided. Moreover, according to the current situation, there is a high probability that the Growth Enterprise Market Index will receive a hammer star on the weekly chart this week. Therefore, compared with the Shanghai Composite Index, the overall risk of the Growth Enterprise Market is actually higher. bigger. To sum up, today, the stock market is unusual, is the direction clear? At present, the direction is not very clear. It is only possible to make judgments when the market breaks out. In the early trading, the stock market situation is also relatively bad. Therefore, at this time, we still have to wait for the opportunity to appear, rather than blindly. Approach.

(Responsible editor：Market analysis)

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