Judge and adjust the wave by setting a new low (reviewed on May 16)
Today, the market opened flat. It was reorganized by shocks in the morning, and fell by shocks in the afternoon. The highest touch was 3317 points, the lowest touch was 3282 points, and it closed at 3290 points, down 19 points, or 0.60%. Today's transactions shrank, and individual stocks fell more or less.
Today, the market fluctuated downward, and super funds and total funds flowed out in large quantities.
On the technical plane, the MARD green column is magnified, and the KDJ and RSI openings are magnified. The perimeter MACD red column shrinks, the KDJ opening enlarges, and the RSI shrinks. The weekly line shall be closed with a small positive line above the 20 week moving average.
The review on Monday pointed out that "the market bottomed out and turned red. The index did not hit a new low, but the market did not close on the second rising trend line formed by the link between 2885 and the low of 3220 on March 30. If it returns to the top of the trend line again in a day or two, it cannot be said that there are two waves of adjustment. If the market does not hit a new low in the future, there will be another period of shock and repeated movements.".
This morning, the market was in shock and settled down. In the afternoon, the 60 antenna was lost and the market closed down 19 points. Today's transaction has shrunk, and funds continue to flow out in large quantities.
Although the market rose 38 points yesterday, it failed to reach the second rising trend line formed by the link between 2885 and the low of 3220 on March 30. It seems that the pressure on this trend line is obvious. Today, the index is also blocked by this trend line. After repeated shocks in the morning, it is unable to break through upward, and then it shows a downward trend in the afternoon. The future market maintains the view of yesterday. If it returns to the top of the trend line again in a day or two, it cannot be said that there are two waves of adjustment. If the future market is no longer at a new low, there will be a period of shock and repeated trends. Then the new low indicates the adjustment wave.
Operating tips
Control bin in operation. I always believe that position control cannot be absolute, and it is irrational to have a full short position. No matter the rise or fall, it is not hard. The position you can easily deal with is your most reasonable position. Of course, except for those who are also suffering from ups and downs, such people should not come to the stock market.
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