Last night, the three major US stock indices all declined collectively, casting a shadow over today's A-shares. But don't rush to conclusions; let's first lay out the data clearly.
The recent decline in US stocks was indeed significant—Nasdaq fell by 2.39%, S&P 500 dropped by 2.06%, and Dow Jones declined by 1.76%. I had anticipated this correction long ago. The key point here is: the Nasdaq index formed a downward gap. If it cannot recover quickly, this gap could turn into a trend gap, indicating a potential continued downward move.
Today, A-shares are likely to open lower, but a lower open doesn't mean a continued decline. The first focus is whether the gap created by the lower open can be filled promptly. If it is filled, it shows that the bulls still have some strength, and the short-term trend remains relatively strong. If the index can also break through yesterday's high of 4128 points, then we should turn our attention to the resistance level at 4190 points.
Conversely, if there is a lower open, the short-term support line is around yesterday's low of 4080 points. This is an important support; whether it can hold requires careful observation.
My view is: although the external markets are falling across the board, A-shares are likely to follow an independent trend today. The Shanghai Composite Index is very likely to open lower and then move higher, ending with a small positive candle. This is the most common pattern.
In terms of details, the AI application concept and commercial aerospace sectors are worth paying close attention to. These two sectors still have room for short-term recovery, and technically, there appears to be an opportunity.
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GateUser-00be86fc
· 8h ago
Gap, gap, here we go again. Can 4080 hold?
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BearMarketMonk
· 8h ago
Once the gap is broken, it's broken. Holding 4080 is gone. Today depends on how aggressive the bears are.
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OnchainUndercover
· 8h ago
Open lower and move higher with small positive candles. How many times have we heard this saying? The key is whether 4080 can hold.
View OriginalReply0
ProofOfNothing
· 8h ago
Gap fill? First, see if 4080 can hold, that's the key.
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GasFeeWhisperer
· 8h ago
If the gap isn't filled, it's game over. This recent decline in the US stock market feels a bit fierce.
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token_therapist
· 8h ago
There's nothing wrong with what you said about the gap, but if we can't hold the 4080, we'll have to admit defeat.
Last night, the three major US stock indices all declined collectively, casting a shadow over today's A-shares. But don't rush to conclusions; let's first lay out the data clearly.
The recent decline in US stocks was indeed significant—Nasdaq fell by 2.39%, S&P 500 dropped by 2.06%, and Dow Jones declined by 1.76%. I had anticipated this correction long ago. The key point here is: the Nasdaq index formed a downward gap. If it cannot recover quickly, this gap could turn into a trend gap, indicating a potential continued downward move.
Today, A-shares are likely to open lower, but a lower open doesn't mean a continued decline. The first focus is whether the gap created by the lower open can be filled promptly. If it is filled, it shows that the bulls still have some strength, and the short-term trend remains relatively strong. If the index can also break through yesterday's high of 4128 points, then we should turn our attention to the resistance level at 4190 points.
Conversely, if there is a lower open, the short-term support line is around yesterday's low of 4080 points. This is an important support; whether it can hold requires careful observation.
My view is: although the external markets are falling across the board, A-shares are likely to follow an independent trend today. The Shanghai Composite Index is very likely to open lower and then move higher, ending with a small positive candle. This is the most common pattern.
In terms of details, the AI application concept and commercial aerospace sectors are worth paying close attention to. These two sectors still have room for short-term recovery, and technically, there appears to be an opportunity.