CSI 300: Pay attention to 4365 gap coverage

A brief analysis of the fundamentals:

On Monday (June 27), A-shares rose in shock. The city's total turnover was 1,228.8 billion yuan, and the net purchase of northbound funds was 7.265 billion yuan. The CSI 300 index closed up slightly by 1.13%. A-shares continue to be independent, mainly due to the three divergences in the economic, currency, and asset cycles between China and the United States, the intensification of recession fears in the United States, the tightening of Fed funds, the beginning of China's recovery, the relatively loose monetary policy, and the switching of Chinese assets from debt to stocks. The market outlook can be expected.

CSI 300 one-hour chart

A brief technical analysis:

Looking at the 1-hour chart, the CSI 300 opened higher and went up, and closed above the gap. The MACD shows that the volume can continue to expand above the zero axis. The extremes will reverse or indicate the risk of a callback. Whether the gap below 4365 can be filled is the key. Continue to be bullish above 4365 within days, target 4450-4550, bearish below 4365, target 4320-4190

Long-short turning point: 4365

Resistance: 4450.00 4550.00

Support: 4320.00 4190.00

Trading strategy: bullish above 4365.00, target 4450.00 4550.00

Alternative strategy: bearish below 4365.00, target 4190.00 4100.00