One step in place to hit the bottom, and rebound tomorrow!
Yesterday, in the review, Lao Niu believed that as long as there are no moths in the evening, then the broader market will rise again and even reach a new high. It is a pity that Iran directly retaliated against the Yankees and used dozens of ballistic missiles to dry out. Therefore, international safe-haven assets, gold and crude oil, skyrocketed across the board, and the Asia-Pacific stock index fell. European and American stock markets are expected to fall across the board tonight.
If there were no unexpected events last night, then the broader market will surely rise again today, and even today the Shenzhen index has become popular once again. Unfortunately, the tension in the external situation began to dominate the market. Eventually, the main force started a wave of strong adjustment.
With this adjustment, Lao Niu expects the normal target level to be at the 3050 line, which is the initial position of the previous gap. Since today's closing point is not far from 3050, we can determine that the short-term sell-off of the broader market has been reached in one step, and the stock index bottomed out tomorrow is expected to rise.
As for the strength and continuity of the bottom-up rebound in the broader market tomorrow, we are unable to accurately determine in advance for the time being, because the development of the external situation is not something that I and other grassroots can control or even predict. However, no matter how the broader market operates, for tomorrow's short-term or ultra-short-term, the Lao Niu believes that there is a deterministic opportunity to increase positions or bottoms at 3050. Early short-sellers and currency holders can consider buying at 3050 points; if there is a stock in their hands, they can consider adding positions at 3050 points to make a positive T. The short-term trading success is extremely high.
As for the external situation, in fact, everything depends on the response of the United States, and more precisely on Trump's decision. We can continue to pay close attention to this. On the whole, Lao Niu suggested that mid-line stocks can continue to be held with confidence without fear of oscillation; short-term should be light warehouse and fast in and fast out. Of course, mid-tier stocks do not exclude repeated T-operations in order to continue to reduce the cost of holding shares and increase absolute returns. (Brother Niu)