My thinking is that the current market does not have the characteristics of ending the rally. Although the A50 futures index fell more than 3%, the intraday index of A shares did not turn green.It shows that the higher the market is, the higher the probability of the index going high and low is.The high opening and low going of the index are nothing more than the T+1 trading mechanism, quantitative funds, poor short-term market trends and other reasons, resulting in a high probability of the stock market opening after news stimulation and low going due to emotional influence.
Today's market is too dramatic, indicating that it is normal for the stock market to open higher and fall back. More investors are divided on the further rise of the market.
However, the index itself belongs to the upward trend of shock. After the excessive rise increases the selling, although the short-term market has fallen back, it is difficult to change the upward pattern of shock.In addition, today's market, if we take a step back, will cover the gap on Wednesday, and it will still be difficult to have an impact on this round of gains.2. On Wednesday, the market broke 3,400 points, and recently fell to 3,230 points, forming a double-top decline of 3,500 points, and then bottomed out at 3,230 points to form a double bottom, and walked out of the narrow range of 3,200 points and 3,500 points.