government backed cryptocurrency, Overview

—— The Shanghai Composite Index continued to rebound along the 5-day moving average, making it a MACD golden fork at the time-sharing level of 30 minutes. In addition, the current 5-day moving average and 10-day moving average are also in a long position, and they have been running above the 20-day moving average for six consecutive trading days. All this means that the upward trend is steadily forming.—— The Shanghai Composite Index continued to rebound along the 5-day moving average, making it a MACD golden fork at the time-sharing level of 30 minutes. In addition, the current 5-day moving average and 10-day moving average are also in a long position, and they have been running above the 20-day moving average for six consecutive trading days. All this means that the upward trend is steadily forming.-In addition, after the recent continuous rise, the bottom of the index is constantly rising, and the market center of gravity is moving up rapidly, and it has returned to the vicinity of the high point formed on November 8. This position is actually the upper edge area of the big box formed by the high diving on October 8. It is not so important to break through this box in one breath. After all, the box has a lot of funds to support it, so there is no need to worry about the rapid fall in the short term.

-Catalyzed by the news that personal pension fund products were included in index funds and were fully implemented on December 15th, it directly broke the pattern of long-term consolidation after opening near midday. In the afternoon, as the willingness of retail investors to chase high into the market became stronger, the kinetic energy of institutional smashing was significantly reduced, which made the late session not only fall back, but also have some accelerated actions.

In short, the FTSE A50 index fell by 0.89% overnight. Therefore, Zhuge Mi predicted that Friday's market would open slightly lower, and then oscillated downward, gaining support from the 5-day moving average and stopping the decline.-Catalyzed by the news that personal pension fund products were included in index funds and were fully implemented on December 15th, it directly broke the pattern of long-term consolidation after opening near midday. In the afternoon, as the willingness of retail investors to chase high into the market became stronger, the kinetic energy of institutional smashing was significantly reduced, which made the late session not only fall back, but also have some accelerated actions.