Stock Market: The Beginning Of Phase Adjustment Is Coming To An End.

Wednesday, the market opened lower, the highest upside to 3439, the lowest down to 3367, fluctuating 72 points throughout the day, closing at 3375, higher than 3341, lower than 3390, the short line is weak.

The intraday rise of 142, flat 170, fell 802, the amount of 361 billion, less than the previous trading day.

Today's adjustment is beyond expectations, but there are good reasons for the shock adjustment in this position. The shock and even adjustment of the index in the former high intensive trading area are normal and technical, but there is no systemic risk. If there is a systemic risk, we must not hesitate to stop the loss. This is just a technical adjustment.

The Shanghai Composite Index today broke the 10 day moving average, the Shenzhen Composite Index and the gem test the 10 day moving average. From the perspective of the gem, today's adjustment is temporarily supported by the 10 day line, which is still supported by the rising trend line. Stock market index Still in the channel, inside the small box. It is expected that two days after the Ming Dynasty can alleviate today's decline.

Views on tomorrow's trend: Shanghai Composite Index It has touched the lower track of the channel and has a technical choice of direction. Judging from today's shrinkage, it is concluded that the end of the rebound is premature and needs further observation to confirm.

Overall Gem The increase, as we mentioned earlier, has exceeded 36%, and the stock index has entered the pre intensive trading area. There is a lot of pressure here. It is normal for the sale to trigger shock adjustment. Whether the end of this round of rebound needs further verification is also possible to shake, adjust, accumulate and attack again. Let's wait and see.

Peripheral stock market: U.S. stocks fell slightly last night, the Dow fell 0.24%, the NASDAQ fell 0.09%, S & P fell 0.26%, and the European major stock markets had more than one point decline. New York crude oil futures fell 78 cents, or 1.8%, to $43.2 a barrel; New York gold futures fell 40 cents, or 0.04%, to settle at 1165.8 US dollars per ounce. On the policy side, Keqiang expressed its willingness to reach a new agreement on the Paris climate change conference. China's naval vessels and ships monitored and warned the US ships in accordance with the law. The president of the Mongolia or China will visit China next month. The Ministry of human resources and social affairs will start the implementation of the basic pension insurance fund investment and operation in 2016, with a norm or more than 2 trillion yuan.

The index once again fell down to break the 3400 pass, and the disk once again entered the consolidation potential. From the present disk, the pressure on the top 3457 is too large, especially the 3478, so the main force can only be used in a concussion way, so that there is a chance to attack 3478. This point will fall down once more, and it will fall faster. This is the terrible situation of the disk now. The operation is still dominated by high throwing and low smoking, and the stock will not be the king. Tomorrow the pressure level will be 339034143430, the support level is 3341, the support level is 3341, the strong branch will be near 3306, and the operation will be more cautious.