Today, two signals raided, and the stock market reversal is imminent?

time:2022-09-29 04:54:11 source:clevelanddrifters.com author:Market analysis
Today, two signals raided, and the stock market reversal is imminent?

#HeaderCreationChallenge# Today’s stock market as a whole shows a differentiated market. The Shanghai Composite Index barely turned red, while the ChiNext Index and the Shenzhen Component Index are in a downward trend. The intraday market is also in a state of mixed ups and downs. That said, today's stock market volatility intensified. As of the close, it can be seen that the Shanghai Composite Index rose 0.05% throughout the day to close at 3186 points, while the Shenzhen Component Index fell 0.09% throughout the day to close at 11702 points, and the ChiNext Index fell 0.03 points throughout the day. %, closed at 2533 points. Today, the three major indexes of A-shares are also polarized by ups and downs, and the ChiNext is even more exaggerated. It has fallen for 8 consecutive trading days. In these 8 trading days, the ChiNext has only one trading day to close the positive line. The rest are all Yinxian. Even on the trading day that closed out the positive line, the index fell. However, although the GEM index fell today, the situation on the disk is not bad. Data shows that the number of stocks on the GEM rose to 980, while the number of stocks on the GEM fell only 190. It can be clearly seen that while the ChiNext board is falling, so many stocks in the market are in a rising trend. It is obvious that the stocks are in a general upward trend. Why does such a situation occur on the ChiNext? The main reason is that the heavyweight stocks are smashing the market, because more than half of the more than ten stocks with a market value of more than 100 billion on the GEM are down, and even if the rest are up, the increase is very limited, and it can only be regarded as a slight increase. Quotes. Including CATL, Sungrow, and Zhifei Biology, a series of heavyweight stocks on the ChiNext are basically in a state of decline, which has a great impact on a sector with a small weight such as the ChiNext. Today, though, two signals pounce, then. Next week, the stock market reversal is imminent? The first signal that can be seen is that the Shanghai Composite Index walked out of a wave of reversal triangle near the 900-day moving average. From August 3 to August 17, the Shanghai Composite Index walked out of a wave of rising prices. From August 18th to September 2nd, the Shanghai Composite Index went out of a wave of decline. Therefore, under this situation of rising and falling, a bottom reversal triangle was formed, and this pattern appeared in near the 900-day moving average. Different from the short-term reversal triangle, this reversal triangle has a longer period, because this bottom reversal triangle has experienced 23 trading days, while the general bottom triangle is only 7 trading days, or 8 trading day. Therefore, the bottom triangle formed during this period has a long period. As long as the Shanghai Composite Index does not fall below i3163 in the next week, the bottom triangle of this long period will be formed. Therefore, the trend of the Shanghai Composite Index next week is very important. Moreover, in the recent period of time, the Shanghai Composite Index has also continued to shrink. In the last two trading days, the daily turnover of the Shanghai Composite Index has reached 337 billion and 313.3 billion respectively. Especially today, the turnover has shrunk significantly. . Therefore, it is more certain that this is a reversal pattern of the bottom triangle. The second signal, as can be seen from the daily trend chart of the Shanghai Composite Index, the MACD of the Shanghai Composite Index is obviously shrinking. If the Shanghai Composite Index continues to fall, it will inevitably form a divergence on the daily trend chart. . Moreover, there is still an obvious deviation. The GEM and the Shenzhen Component Index are not very obvious, but the Shanghai Composite Index is very obvious. This is one of the reasons why the Shanghai Composite Index can go out of the market today. Therefore, even if the stock market will continue to decline next week, there will definitely be a wave of reversal imminent in the follow-up. Moreover, with the surprise of two signals today, the author believes that the stock market reversal is more likely next week. In particular, the ChiNext Index has been in a downward trend for so many consecutive trading days, and the decline has also begun to shrink. Under such circumstances, it is relatively normal for the stock market to go out of a retaliatory reversal next week. Judging from the situation on the disk, although the Shanghai and Shenzhen stock markets were mixed today, the number of sectors that rose on the disk was as high as 433, while the number of sectors that fell was only 34. The atmosphere of making money on the disk was relatively strong.

(Responsible editor:Aerospace stock)

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