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$SentinelOne(S.US)hanghai Composite Index sh000001$ Today, the three major stock indices all seem to be trending towards a collective closing gain. Currently, the two markets are gradually recovering, with the ChiNext Index rebounding after touching the 10-day moving average, indicating that the recovery trend may continue in the short term. If it can firmly stand above the 5-day moving average, there is still hope for a recovery from yesterday's market performance. Although the KDJ indicator has changed, the overall trend remains unchanged, and the rebound is likely to continue.
The performance of the STAR 50 today was quite good, showing a slight rebound. However, it still needs to successfully stabilize above the 20-day moving average to continue breaking upwards. The rebound of the two innovation indices means that the technology sector is gradually recovering, which may continue to stabilize the broader market in the short term.
The BSE 50 is still pushing upwards for a rebound, basically recovering yesterday's upper shadow line. If it can maintain this state, it may continue to strengthen. The CSI 300 also showed a reversal signal, indicating that the entire market is in a recovery phase, and the broader market may continue to rebound upwards in the short term.
Today, the brokerage sector showed a slight rebound, but only by stabilizing above the 10-day moving average can it continue to recover. The recent movements in the brokerage sector indicate that the market has temporarily stored momentum. If the broader market wants to continue recovering in the short term, it still relies on the brokerage sector.
Today, the outflow of funds in the market was not significant, and the overall trend showed a rebound with increased volume, which also indicates that the broader market may continue to recover upwards. However, the fluctuations in the banking sector indicate internal disagreements within the financial sector. If the broader market can continue to recover to near the 10-day moving average, it means that a reversal signal may have formed, and the medium- to long-term trend will not change.
From a market sentiment perspective, more than 3,000 stocks rose today. As market sentiment improves, the number of rising stocks may gradually increase. However, if the market shifts from strong to weak, the number of rising stocks will still decline. Currently, there are signs of a broad-based rise in the short term, and the trend of bottoming out and rebounding may continue. If the current situation can be stabilized, there should still be room for further rebounds.
From a sector performance perspective, all sectors are flourishing. In particular, sectors such as defense, communications, lithium batteries, the chip industry chain, power, and precious metals are performing strongly. This indicates that the market rotation speed has accelerated again, with heavyweight and thematic sectors alternating in the short term, driving the index to continue rising. This is a very positive signal, and the likelihood of a continued rebound is high.
From a 120-minute perspective, the morning session showed a lower shadow line, clearly indicating a trend of bottoming out and rebounding, which may have adjusted in the short term. If the market can continue to recover steadily, the broader market will continue to strengthen. When the rebound reaches around 3,885 points, a shift from weak to strong performance may occur.
Today, 3,850 points should be a strong support level. If the trend strengthens further, the broader market may return to 3,900 points. Otherwise, short-term fluctuations will continue.
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