One of the indicators of global stock-market sentiment—how will the A-share ChiNext 50 ETF trend next week?
Predicted price: 1.561
I. Trend Analysis
Overall trend: 6, 1, 3. Uptrend: 6; Downtrend: 3; Sideways/Choppy: 2
1) Overall trend analysis
Analysis of the 6-palace sector
Qian Palace, Nine Earth, Teng Snake, Tian Chong, Du Men, Ji Jia Bing, Fire goes against the earth gate—although the trend is downward on the surface, there isn’t much energy; it’s in a state of preparing for a decline. The downward force has not yet taken shape.
The rebound power is limited, and the bulls’ energy is also not strong. The rebound next week will be limited.
Rebound resistance is around 1.6. The day’s opening high of 1.596 is a resistance level. The high could be around here, or it could be around 1.64 or 1.66.
Analysis of the 1-palace sector
The bulls have no strength. If the money comes here, it will be thrown away; it can’t be committed today.
Analysis of the 3-palace sector
Retail investors still have some strength, and there are still funds from proprietary traders. Behind the rebound is a trap. Also, the shorts are already building up, but they haven’t fully formed their force yet—however, it is a dangerous signal.
Next week’s trend: the bulls will lead during the early part of the week and can still hold the rebound, but later it will shift into a downtrend. By the later part of next week, after the short-selling side completes its reserve of power, the market will continue to fall.
The rebound is not a reversal.
2) Uptrend 6-palace analysis
The 6-palace Bing sector is the bulls. Here, the rise does not last. The 6-palace has the numbers 1, 6, 4, and 9; around 1.6 is a key area to watch.
3) Downtrend 3-palace analysis
The downtrend has been discussed in the overall trend analysis—shorts will build momentum in the later part of next week.
Here, you can watch around 1.64 or 1.63.
4) Sideways/choppy 2-palace analysis
The shorts will play their role and Sheng Men provides support. Even though prices are falling, there will still be support. Overall, the shorts’ energy is somewhat stronger.
Summary:
Rebound power is limited. Resistance is around 1.6. In the second half of next week, the shorts’ strength will be stronger.
Predicted price: 1.561
I. Trend Analysis
Overall trend: 6, 1, 3. Uptrend: 6; Downtrend: 3; Sideways/Choppy: 2
1) Overall trend analysis
Analysis of the 6-palace sector
Qian Palace, Nine Earth, Teng Snake, Tian Chong, Du Men, Ji Jia Bing, Fire goes against the earth gate—although the trend is downward on the surface, there isn’t much energy; it’s in a state of preparing for a decline. The downward force has not yet taken shape.
The rebound power is limited, and the bulls’ energy is also not strong. The rebound next week will be limited.
Rebound resistance is around 1.6. The day’s opening high of 1.596 is a resistance level. The high could be around here, or it could be around 1.64 or 1.66.
Analysis of the 1-palace sector
The bulls have no strength. If the money comes here, it will be thrown away; it can’t be committed today.
Analysis of the 3-palace sector
Retail investors still have some strength, and there are still funds from proprietary traders. Behind the rebound is a trap. Also, the shorts are already building up, but they haven’t fully formed their force yet—however, it is a dangerous signal.
Next week’s trend: the bulls will lead during the early part of the week and can still hold the rebound, but later it will shift into a downtrend. By the later part of next week, after the short-selling side completes its reserve of power, the market will continue to fall.
The rebound is not a reversal.
2) Uptrend 6-palace analysis
The 6-palace Bing sector is the bulls. Here, the rise does not last. The 6-palace has the numbers 1, 6, 4, and 9; around 1.6 is a key area to watch.
3) Downtrend 3-palace analysis
The downtrend has been discussed in the overall trend analysis—shorts will build momentum in the later part of next week.
Here, you can watch around 1.64 or 1.63.
4) Sideways/choppy 2-palace analysis
The shorts will play their role and Sheng Men provides support. Even though prices are falling, there will still be support. Overall, the shorts’ energy is somewhat stronger.
Summary:
Rebound power is limited. Resistance is around 1.6. In the second half of next week, the shorts’ strength will be stronger.