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Afternoon comment: There are two reasons why A shares fell across the board in early trading. What should we do next? Where is the support point?Afternoon comment: There are two reasons why A shares fell across the board in early trading. What should we do next? Where is the support point?

First of all, I might as well draw a long-term framework for the market here. Please look at the picture below.Afternoon comment: There are two reasons why A shares fell across the board in early trading. What should we do next? Where is the support point?It closed in the morning and the three major indexes were adjusted across the board. At the close, the Shanghai Composite Index fell 1.49%, the Shenzhen Component Index fell 1.74%, and the Growth Enterprise Market Index fell 1.78%. The number of households that fell by the close was 4,127. The number of rising households is 1188. As of the close of the morning, the turnover of the two cities was 1.23 trillion. Compared with the previous trading day, the volume was slightly 55.2 billion.

Then how will the market go next? Where is the support point of the market?As you can see from the above picture, I think the market may need to build a small bottom with a raised bottom next. Then before the new year, our A shares are expected to break through 3500 points. Where is the expected support point of the market next? The support point is near 3378 points. It is just a little bit below, which is less than 1% of the closing price at noon today.It is not surprising to me that the market has gone out of this trend today. This is also the adjustment that has been expected. There are two main reasons for today's market adjustment: