There are several details in today's market data worth following.
First, let's look at the trading volume. For the A-shares to maintain a fluctuating market, the trading volume must remain stable. Once there is a decrease in volume, it is basically a signal of a downward pullback. This is the most fundamental logic in the relationship between volume and price.
Secondly, the resistance level has reached 1889 points, and this line is currently the ceiling of the oscillation box. The situation is quite interesting—if it can't break through, it will pull back; even if it barely breaks through, it will still pull back. It's a repeatedly confirmed position.
Looking at the sentiment, there has been a clear retreat in the past two days. Starting from Friday, there has been a sell-off of mid-position holders, and today even those holding mid to high positions are being cleared out, indicating a noticeable loosening in market sentiment.
Think about these three points together and consider how to respond at the moment; everyone should have an idea in mind.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
2
Repost
Share
Comment
0/400
SandwichVictim
· 7h ago
Volume contraction is a signal, this wave is a bit precarious
---
Is that 1889 line really that solid? Those who don’t believe in evil have all been trapped
---
When the emotional tide recedes, it's over, that's the most ruthless part
---
Wait, is the mid to high position all being cleared? Then the bottom is still far off, right?
---
Here comes that volume-price relationship again, what happened last time when you said this
---
Three points in a chain... those who understand, understand, anyway, I'm just lying flat now
---
The repeated confirmation of the resistance level is the most annoying, it just doesn't give you a break
View OriginalReply0
EthMaximalist
· 7h ago
When the volume shrinks, it means you have to run; this wave of emotions is a bit intense.
There are several details in today's market data worth following.
First, let's look at the trading volume. For the A-shares to maintain a fluctuating market, the trading volume must remain stable. Once there is a decrease in volume, it is basically a signal of a downward pullback. This is the most fundamental logic in the relationship between volume and price.
Secondly, the resistance level has reached 1889 points, and this line is currently the ceiling of the oscillation box. The situation is quite interesting—if it can't break through, it will pull back; even if it barely breaks through, it will still pull back. It's a repeatedly confirmed position.
Looking at the sentiment, there has been a clear retreat in the past two days. Starting from Friday, there has been a sell-off of mid-position holders, and today even those holding mid to high positions are being cleared out, indicating a noticeable loosening in market sentiment.
Think about these three points together and consider how to respond at the moment; everyone should have an idea in mind.