Last month, I said that we should think away from the crowd during the market turning point, and the crowd's emotions must be wrong, but it was useless. Only one month later, this incident happened again, and the panic was still the same group of people in early August. I don't know if they cut their losses or shorted at the lowest point. I hope it won't happen again next month.
Macroeconomically, the market has already priced in a 25-point interest rate cut, and both good and bad news have basically been reflected. Unless the interest rate is not cut at 25 o'clock in the early morning of the 19th, there will be a large fluctuation. What I hope most is that the price will remain above 5.2w from now until the National Day, for example, 5.3-6w oscillation, and only when it falls below 5.2w will we consider a new low. Those who hold big cake spot can also use 5.2 as the dividing line.
The classic weak trend in September will continue to drag down the market. In addition to metaphysical factors, there are also objective factors, such as tax issues, such as companies entering a repurchase silent period of several weeks, etc.