The market has reversed, is this a new starting point?
The most important thing should be said first: the next August is a month to achieve a major reversal of the market, and there will be no big drop this month.
It has been half a month since we reversed and looked bullish on July 15. The market has hit the 6.9w mark several times, but failed to stand on it as expected. At 7w, I posted that there was no volume and beware of false breakthroughs. Sure enough, it fell to the downward track and 6.4w.
Although the market is very dangerous and the market has returned to the downward track, it seems to be heading for 5w again. It seems that the market in June will come again, wash it again, and it will be deeper.
But I think if the technical side can reflect everything, then everyone in the square, you and I are all Wall Street bosses, right?
In the past two days, the big cake fell by 5%, and it also fell by about 5-10%, a very small drop. In addition, as mentioned in the previous two times, the second bottoming out of the cottage has basically ended, and there is also a preliminary accumulation of momentum at the bottom.
Of course, if you think what I said is wrong, then you must be right. I am only expressing my humble opinion for your reference.
At present, it is more inclined to stabilize at the beginning of 6, and then attack 6.8-7w again until it stabilizes.
August is a small wash, mainly for the fundamentals of accumulation, and everything is preparing for September and October (it has nothing to do with whether the interest rate is lowered or not, just look at the fundamentals). The bad situation is of course that there is a negative decline or sideways trading, and the decline will not be particularly large. The good situation is to directly start a small increase in August, or even a surge, to connect September and October, and open a real new chapter.
The core of the above judgment is that the fundamentals are obviously accumulating funds, but I don't know how long the market will be washed this month, but I don't think it will be washed very deeply, so there are some seemingly vague words above, because we don't know how it will be washed in the middle. This time I will not tell you how much I see as in the past, for the above reasons, I hope you understand.
You can look back in September to see if what I said in this article is correct or not, and everyone is welcome to supervise. Just like around February 1, I publicly called on everyone to go all-in, and many people refuted it at that time, but you and I know what the subsequent situation is, and you can check it out yourself.
