Recalling the previous rising market, it was guided by the overnight surge in European and American stock markets. At present, the international stock market has unconsciously come to the vicinity of the neckline, and it will be quite difficult to continue to have a long red pattern. Just like Nazdak, it closed with a little red K last night. Looking at commodity futures again, last week, the author mentioned to you that it is no longer appropriate to chase commodities now, because under the seemingly calm noise, the footsteps of bears are quietly approaching. Today's commodity market is like a river that breaks its banks. It remains to be seen whether it will plummet after a thousand miles. When the futures market collapses, the spot market will definitely be affected by it. Judging from today's decline list, steel, coal and nonferrous metals, which are my brother companies, have all joined the list, and the precious metal plate, which has been strong in the early stage, is now counting down gloriously, as expected. In the A-share market, these raw material stocks all contain weighting components. Once the heavyweights are turned off, the index will surely struggle.
Finally, we can see the current Shanghai Composite Index. At present, the linear structure of Shanghai Stock Exchange has shown the end of triangle arrangement, and the decisive battle between long and short positions is inevitable. Therefore, the market is still in the stage of shock and hesitation, so let it break through with long red, or be broken down by long black, without blind suspicion and sleepless nights. The key point is that after the Ming Dynasty, the fierce competition between long and short positions is bound to become more intense, and it is not too late to follow up after the situation is settled.