CSI 300: 3980-4085 Box

A brief analysis of the fundamentals:

On Monday (September 5), the major A-share indexes were mixed. The CSI 300 closed up 0.42% throughout the day. The wait-and-see mood dominated, the trading volume remained low, with a turnover of nearly 770 billion, and a net sales of 7.615 billion in northbound funds. . Looking forward to the market outlook, in the short term, under the internal and external uncertainties such as repeated local epidemics in China, sluggish real estate risk disposal and sales, the downturn of overseas economic cycles and the uncertainty of regional situation, the short-term will still restrict the effectiveness of policy efforts to a certain extent. Temporary weakness may affect risk appetite, and the Chinese market as a whole may still be volatile and weak.

CSI 300 one-hour chart

A brief technical analysis:

From the 1-hour chart, the CSI 300 gained support and rebounded at 3980, and closed out a strong mid-yang line in the late session, but the strong resistance level above has not been broken. 4048, the lower support is 3980, the range is not broken before it is viewed with the idea of ​​range shock

Long and short turning point: 4048

Resistance: 4048.00 4100.00

Support level: 3980.00 3950.00

Trading strategy: bearish below 4048.00, target 4000.00 3950.00  

Alternative strategy: bullish above 4048.00, target 4100.00 4150.00