The 60 Day Moving Average Will Be Supported Before Next Week.

At present, the market has been extremely depressed, the volume of energy is also shrinking rapidly, the economic data is still in the doldrums, the Fed's interest rate is imminent, the monetary policy is uncertain, the RMB has been squeezed out of the A share space, the registration system has been getting closer and closer, the current IPO rhythm has not diminished, the market is worried about the diversion of the two tier market funds, the shadow of the past stock market is still lingering, the bear market thinking is hard to reverse, the hesitation, confusion, disappointment, fear and other multiple mindset are intertwined, restraining the confidence recovery of the market, restricting the two level market of the OTC capital reflow, the short term serious of the fund's high dumping and low absorption, and the market without the "Besieged City" effect, so it is difficult to get out of the sharp upward trend in the short term.

The implementation of the IPO registration system is clear, there are second batches of IPO attacks, and more affected by the sharp fall in the RMB exchange rate. This week, the market went out of the resistance adjustment trend. In the end, 2.56% of the week's total sales fell, the gem fell 0.78%, and the total volume of the two cities decreased by 15.5% compared with the previous week, which indicates that the OTC funds are mainly wait-and-see. Floor fund Production and self rescue, "Besieged City" effect is low, market sentiment is low, market confidence is insufficient.

Quantity can shrink rapidly. Individual stock Upgrading, capital short and fast, mainly on the adjustment, more or less on the adjustment, more or less on the rebound, high turnover and low absorption into a capital operation mode, short-term behavior is more serious, in addition to the real estate and securities companies are more active, most blue chips performance is lifeless, and even continued to fall down, dragging the market in every step of the rebound; this week's top gainers are high transfer, real estate, Internet, brokerage, software development, etc., the top are coal, steel, iron, electricity, water, new materials, chemical industry, etc., the amount of energy can shrink more, the activity of stocks is reduced, the activity of stocks is reduced, the blue chips are dragging down the market, and the hot spots are difficult to sustain. Activity is gradually weakening, differentiation continues to exist, market hot spots are frequently transformed, and market earning effect is not high.

Technically, this week Market There is pressure, there is support near the 3400 point, the weekly line two Yang clip one Yin, the short line market is still difficult to strengthen, but the large market trend line is still not strong, but the market trend has not been damaged, and the volume of energy has shrunk. The overall market strength has weakened and the upward momentum is also insufficient. The technical indicators of the market show that Friday's market is going down and down, showing a downward trend of price. The bottom line of the K-line combination and the technical indicators deviates from the technical indicators, indicating that the market has a limited space to kill again. The 60 day moving average has strong support, and the retaliatory rebounding starts at any time. High rise and low walk, all the way to resist finishing, and the price reduction trend, the 5 week average to the market counter pressure, 10 week average line has certain support, but the closing is still missing, 3500 points above

The shell resources will weaken, the loss shares will be delisted, the theme speculation will cool down, and the investment of "growth + value" will be irreversible. The theme investment is in the ascendant. In the process of transformation, the market "danger" and "machine" coexist, while bringing expectations, it will also cause the torn pains. The market and stocks are performing a "pain and happiness" trend of ups and downs. Only in this way, the A share market will be "Phoenix Nirvana" before going out of the steady and healthy trend of the bull market.

We believe that the medium-term trend of the market has not changed, although it is difficult to strengthen the short-term, but it is expected to gradually bottom out. The 60 day moving average has strong support for the market. Next week, the market is expected to suppress first. Operation, buy or not catch up, low prices concern bottom shape better medium and low price stocks, to avoid the recent rise too high priced high valuation theme stocks.