Market trading begins to cautiously lead the capital to wait and see

Basic analysis:

On Wednesday (June 1), the first day of June, the three major A-share indexes in the session once fell by more than 1%, and then they all fell by the down payment before the end of the session, staged a V-shaped reversal, and finally the CSI 300 index closed at 4058.2 points, slightly down 0.2%. Today's northbound funds flowed out significantly compared with the previous trading day. Before the Dragon Boat Festival holiday, the market obviously began to be cautious. The leading funds are mainly on the sidelines, and the last trading day is expected to maintain a small consolidation.

Hushen 300 four hour chart

Technical analysis:

According to the 4-hour chart, the low point of CSI 300 has risen, with a more obvious form of bottom rise, and it is expected to continue the shock rise within the day.

Multi empty turning point: 4020

Resistance level: 4105.00 4195.00

Support position: 4020.00 3950.00

Trading strategy: bullish above 4020.00, target 4105.00 4195.00

Alternative strategy: bearish below 4020.00, target 3950.00 3800.00