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Can www.LegiEX.com be trusted: the expected rise was abruptly down. After the sideways trade on May 20, the decline was ushered in on the opening day of the two sessions on Thursday. The Growth Enterprise Market Index and the Shenzhen Stock Index fell the most, at around 3%. The SSE 50 index had the smallest decline, followed by the SSE index. Technology stocks fell sharply, the agricultural sector was strong, and the number of rising households was significantly less than the number of falling households. The A-share market is very weak, and the expected decline appears. Has the A-share market rebound ended?

1. SSE 50 Index and SSE Index Analysis

The SSE 50 index opened lower today, and there was a significant rebound during the session, which resulted in the current SSE 50 index leaving a clear gap and upper shadow. But as far as this K-line is concerned, if a similar K-line is received in the afternoon, the Shanghai 50 Index will have a stabilizing signal. Such a K-line is a transitional K-line from an accelerated decline to stabilization when the falling power is in a strong state. Therefore, the focus of the afternoon observation is whether the Shanghai 50 Index has accelerated its decline. If the acceleration declines in the afternoon, this stabilization signal disappears, and new signals need to wait. On the contrary, it is a sign of stabilization. Judging from the current trend, it is still very likely to close the K line in the afternoon. After all, the adjustment of this position did not show the top structure of the daily level. Therefore, this decline is the adjustment of the cycle below the daily level. This is a normal step back, no need to panic.

The SSE Index and the SSE 50 Index perform differently, opening low and walking low, and the lowest point is completely covered by the gap, only a little distance away. But even at this distance, there is no complete compensation. Therefore, the probability of covering gaps in the Shanghai Stock Exchange Index in the afternoon is relatively large. Only when the gap is filled, the sustained rebound in the next stage will continue. Similar to the SSE 50 index, the adjustment of the SSE index is also an adjustment of the cycle below the daily level, which is a normal step back during the continuous rebound. The Shanghai Stock Index's stabilization method is also different from the Shanghai 50 Index. Only today's apparent lower shadow line constitutes a stabilization signal.

The SZSE Component Index and the GEM Index are relatively weak. The root cause lies in the frivolous technology stocks in the previous period, which has accumulated a huge bubble. Now the bubble burst, so there was a big drop.

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