CSI 300 fell slightly as funds from northbound sold out

A brief analysis of the fundamentals:

On Tuesday (May 24), the stock indexes of the two cities fluctuated and fell sharply in the afternoon. The Shanghai Index fell more than 2% and fell below the 3,100-point integer mark, and the Shanghai and Shenzhen 300 fell sharply to close at 3,937.8 points. The total transaction volume of the two cities was 990 billion yuan; there was a substantial net outflow of northbound funds, and the net sales exceeded 9.5 billion yuan. At present, the market is not affected by too much bad news. In the case of more profits from short-term main funds, the willingness to further attack is not strong. It will still be dominated by shocks for some time to come.

CHINA300 4-hour chart

A brief technical analysis:

Looking at the 4-hour chart, the CSI 300 fluctuated and fell, the upward trend was suspended, the moving average system Zouping, the MACD red column increased, the RSI indicator was flat, and the probability of continuation of intraday shocks was high.

Long and short turning point: 3960.00

Resistance: 4165.00 4315.00

Support level: 3780.00 3650.00

Trading strategy: bullish above 3960.00, target 4165.00 4315.00

Alternative strategy: bearish below 3960.00, target 3780.00 3650.00