Last night, US stocks rose, and today A-shares are expected to experience a rise and fall. Please operate cautiously. Good morning, friends. Before the A-share market opens, I would like to share a few of my thoughts and coping strategies; these are personal opinions for reference only.
1) Today's market outlook:
The key support level for the index is 3900 points, with strong support at 3882 points, and the important resistance level above is 3936 points.
I believe the index will open high this morning, then rise and fall back to end with a small-volume doji or a solid bearish candle.
2) Today's coping strategies:
First, the index will open high, then quickly rise and fall back, and if it tests the 3900-point support below without breaking it, continue to hold stocks and observe the strength of the rebound and the volume-price coordination. I hope that the 3936 point can break through with increased volume beyond expectations; otherwise, the cost of a rise and fall is indeed too great.
Second, the index will open high, then quickly rise and fall back, testing the 3900-point support below. If it breaks down, then look at the strong support at 3882 points; this position must not be broken, otherwise, the trend will deteriorate and the rebound will fail. Later, there will still be continued fluctuations, exchanging time for space.
