There were two big markets yesterday. New eigenvalue To study: the first is shrinkage, a very obvious shrinkage, which basically returned to the level of the week before the Spring Festival.

The amount of contraction and the amount of money are corresponding, can directly reflect the intention of market funds, combined with stock index futures positions can determine the main intention. From the data of stock index futures, IF1204 positions in March 16th officially broke through the position of positions, and then increased positions, until March, 22 and March 23rd hit a new high position.

Technically, in March 14th, the huge amount of Long Yin ended and rebounded, which led to the acquisition. Profit exit This shows that the strength of the bull market is weakening, while the stock position has suddenly exceeded the warning line after 16 days. It shows that after the conversion of the market's long and short power, the market is short, which leads to the subsequent fall.

The second is hot spots and strong stocks. In most of the trading hours yesterday, almost no ST class trading stocks were found. Instead, there was a drop in stock and a continuous drop in stocks. This shows that the first wave of profit distribution has ended, that is, a large number of profit margins have been distributed at high levels.

Combined with these two characteristics, Shrinkage And the decline of hot spots can show that the urgency of distributing profit margins is decreasing, or that most of the funds currently held in the field are in an awkward state of small profits or quilt packages, and there is not much desire for distribution.

At the same time, the outgoing funds have not yet entered the market to do the driving force of the market, which has led to the shrinking of the market. The amount of market energy must go through a process of first volume and then volume, so that we can say that the adjustment is over, and now the first step is achieved. Secondly, the disappearance of hot spots is temporary. In the later stage, we need to observe whether the new hot spots of the market can be formed, but this process may not be very fast. That is to say, there will be a downward trend in the latter part of the market. After all, stock index futures have not declined.

The whole market is still in the short profit mode, the market is difficult to rebound, at most there will be overfall rebound, but will soon be quiet. It is recommended that we continue to keep a close watch on the changes in energy and hot spots.