Hexun Investment Advisor Li Yongxi: Is There More Downside Space?

Will the 4000-point defense battle be triggered tomorrow? Hexun Investment Advisor Li Yongxi analyzes: First, let’s talk about today’s volume reduction and sell-off. If you only look at the 5-minute K-line, there are only 4 bullish candles; if you look at the 15-minute K-line, there’s only one bullish doji. With such serious volume reduction and downward movement with no volume, what is the main force doing? To put it simply, forcing you to cut losses. Many people are now wondering whether the 4000-point level can hold. I believe it won’t be broken. Even if the market pulls back, the 4000-point level can still be maintained. Why do I say this? After the market has experienced continuous declines, investor sentiment is now on the verge of collapse. This is exactly what the main force wants. So, breaking below 4000 points would be meaningless. Those who have already cut losses won’t cut again. If it drops further, do these investors need to buy in again? They won’t be able to harvest anymore. So, for now, I believe the battle to defend the 4000-point level is certain not to break. Although my recent judgment has had some issues, my overall approach will not change.