Will 3507 be the bottom line?

On Friday, the market opened 54 points lower and oscillated downward, hitting a high of 3,652 points and dropping 3,490 points to close at 3,507 points, down 156 points, or 4.27%. Volume continued to shrink, and individual stocks generally fell.

On Friday, the market fluctuated downward, and super funds and total funds flowed out in huge amounts. The index fell below the lower rail of the box, not much from the previous low. Saving the market has also become a joke.

This week, the market has a daily limit on Tuesday, and the K-line chart is also two yang and three yin. It continued to rise on Monday, and then continued to fall in the next few days, falling below the box. In a week, the market fell by 457 points, or 1 1.54%, and the index closed at the adjusted lowest closing index.

Judging from the shape, moving average and trend, excluding the influence of news, the market will continue to fluctuate downward next week.

Medium-term trend

Judging from today's low point, the B rebound wave after the adjustment of sophomore wave should end at 4 184. At present, it is in the decline of C wave. From the trend point of view, just after breaking 5000 points, it is said that the target position of this second wave adjustment will be at least 0.6 18, that is, 3 12 1. From the morphological point of view, if it falls below the neckline of 3537, then the theoretical range is the box high of 4 184-3537=647 points, and 3537-647=2890 points. In other words, the final goal of this wave of adjustment since 5 178 will be around 3 12 1-2890.

At present, the short-term market may fluctuate repeatedly, but from the perspective of trends and patterns, unless there is a greater bailout, it is difficult to avoid low innovation in the market outlook. Whether you can make a double bottom above 3373 depends on the wishes of the Chief Executive.

secular trend

Long-term trend What can be confirmed at present is that the long-term downward trend line since 3478 in 2009 has been effectively broken, which means that the index has stepped out of the long-term downward trend for six years and entered a new upward cycle, and this trend will not change.