In recent days, the market trend has once again shown the pattern of the bull market in 2014, which seems hard to deny.
I compare this year's trend with that bull market from 2014 every week, although many people say that this kind of analysis is like "carving a boat to seek a sword", the market has always been moving along similar trajectories.
So stop emphasizing viewpoints like "the current macro environment is different"; saying more is actually meaningless — the core shape of a bull market is fundamentally similar.
Just like the volatile downward trend of these five days, if we look at the daily lines of these five days combined, it actually corresponds to the big bearish line that appeared when the index tested the 30-day line during that bull market in 2014.
From this, we can also infer that the market is highly likely to make a move to test the 60-day line next. Even without referencing the trend of 2014, based on market rules, the index must test the 60-day line, and it may even briefly fall below it; only in this way can the subsequent bull market have a solid foundation.
This is not just pure technical analysis, but basic common sense of market operation.