CSI 300: Bearish below 4200

A brief analysis of the fundamentals:

On Friday (July 29), A-shares fluctuated all the way down after the opening, and the CSI 300 closed down 0.89% throughout the day. The market sentiment was low, but the turnover was above one trillion for two consecutive trading days. Looking forward to the market outlook, A-shares have four distinct seasonal performances. The "spring restlessness" is enthusiastically performed under the catalysis of the hazy economic expectations and liquidity investment at the beginning of the year. Among them, there are more twists and turns in June, and the market outlook index is still very likely to appear. Range-bound volatility prevails.

CSI 300 one-hour chart

A brief technical analysis:

Looking at the 1-hour chart, the CSI 300 fell below the support of 4200 for the first time, and the trend began to turn weak. At the same time, the MACD volume can be enlarged below the zero axis, indicating that the market has the risk of further retesting. At present, 4200 has turned from support to resistance. , look under the bit 4100-4050

Long and short turning point: 4200

Resistance: 4200.00 4300.00

Support: 4150.00 4100.00

Trading strategy: bullish above 4200.00, target 4300.00 4385.00

Alternative strategy: bearish above 4200.00, target 4100.00 4050.00