After the sharp correction on the 24th, the market has entered a consolidation period for two consecutive days, with the volatility gradually shrinking, and the overall trend still maintains our previous analysis.
It is particularly important to note that the current market is facing the expectation of a weekly M top, and the evolution of long-term trends often gradually emerges in units of weeks.
In the medium term, the market may bottom out again, but at present we can only wait for the market to stop the signal and the price to stabilize. Although the price fell below 61,800 points again, from a technical perspective, 61,800 points has been effectively broken, and the possibility of a medium-term market account is relatively high.
In the short term, the market has formed an M top yesterday and completed the downward cycle. It seems to be consolidating near the minimum target price of the M top. It is expected that the market will continue to fluctuate during the day. In the short term, we can continue to pay attention to the emergence of structural opportunities. In the current environment, we continue to use low-duo conservative operations.
Big pancake: around 60800, see 61800
Auntie: around 3350, see 3400
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