The market on Wednesday was stronger than expected. It opened lower in early trading. Driven by a 5-minute rebound, the index oscillated higher all the way. After breaking through the pressure of 3400 points, it held strong sideways above 3400 points in the afternoon and closed at 3414 points in the Shanghai Index, an increase of 1.05. %, the index chose the upside-down change in the ultra-short-term direction. The ChiNext rose 3.11% to close at 2,900 points, a 5-year high, and was the first to continue the slow bull rhythm. Affected by holiday factors, the volume can shrink slightly. The turnover of the two cities is about 846 billion yuan, and individual stocks have mixed. On the market, the main cyclical stocks of coal, power, energy, and nonferrous metals have risen strongly recently. Continue to be optimistic about the main line.
Popular analysis: Yesterday's 5G short trend has not yet completely ended, and the rise has not yet continued. Today, it has risen and fallen, but 5G will not have much room for decline. It will take time and lack of a grinding process. Mid-line cyclical stocks, new energy mid-term market continues to be optimistic. After a long decline, there is a long rise, and most of them are still buying low.
From a technical point of view, today's index closed above 3400 points. The daily time selection continued to run upwards under the condition of yesterday's long and short bonding. The daily time selection was running near 3460. The current daily time selection has risen to 56%. The upward trend has risen to 60% and then turned upward. In this way, the daily line will once again choose to move upwards to near 3460. Whether it breaks the interval shock pattern, the market outlook remains to be seen.
At present, the 5-minute trend is above 85%, the 15-minute trend is above 80%, the 30-minute trend is above 81%, and the 60-minute trend is above 64%. From these perspectives, there is still potential for short-term upside.
Weekly pressure is around 3423, support is around 3398-3403, and the bull market continues to continue. It is recommended to hold for the holidays!