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Looking at market sentiment, investors are more cautious. The uncertainty of the recent global economic situation and the influence of geopolitical factors have made many investors feel like frightened birds, and dare not easily hold heavy positions or long-term shares. In the process of rising in early trading, many investors chose to reduce their holdings on rallies and put their bags in safety. This cautious mood gradually spread in the market, just like a cold wind blowing, weakening the offensive enthusiasm of many parties. For example, some high-tech stocks in the early stage suffered the announcement of major shareholders' reduction when they surged in early trading, which undoubtedly dealt a heavy blow to the rise of stock prices and made other investors worry about the stability of the market.Wednesday's stock market trend has already begun to appear in the morning. The whole disk is like a picture scroll that is gradually unfolding, and its vein trend is clearly discernible. There are various indications that there will be a high probability of falling back in the afternoon.However, it seems that this upward momentum has not been sustained and effectively supported. In the process of early trading, although the volume of transactions has been enlarged to a certain extent, it has not reached the order of magnitude enough to support the continuous upward breakthrough of the market. It's like when a car is climbing a hill, although the engine is roaring, the power output is not enough to make it climb to the top smoothly. From a technical point of view, the current market index faces the suppression of multiple moving averages above, such as the 60-day moving average and the 120-day moving average, which are like checkpoints and form strong resistance when the index goes up. When the stock price is close to these moving average positions, it often leads to a lot of selling. Just like a solid line of defense when marching and fighting, it is difficult for an attacker to break through without enough troops and strategies.

However, it seems that this upward momentum has not been sustained and effectively supported. In the process of early trading, although the volume of transactions has been enlarged to a certain extent, it has not reached the order of magnitude enough to support the continuous upward breakthrough of the market. It's like when a car is climbing a hill, although the engine is roaring, the power output is not enough to make it climb to the top smoothly. From a technical point of view, the current market index faces the suppression of multiple moving averages above, such as the 60-day moving average and the 120-day moving average, which are like checkpoints and form strong resistance when the index goes up. When the stock price is close to these moving average positions, it often leads to a lot of selling. Just like a solid line of defense when marching and fighting, it is difficult for an attacker to break through without enough troops and strategies.Wednesday's stock market trend has already begun to appear in the morning. The whole disk is like a picture scroll that is gradually unfolding, and its vein trend is clearly discernible. There are various indications that there will be a high probability of falling back in the afternoon.

However, it seems that this upward momentum has not been sustained and effectively supported. In the process of early trading, although the volume of transactions has been enlarged to a certain extent, it has not reached the order of magnitude enough to support the continuous upward breakthrough of the market. It's like when a car is climbing a hill, although the engine is roaring, the power output is not enough to make it climb to the top smoothly. From a technical point of view, the current market index faces the suppression of multiple moving averages above, such as the 60-day moving average and the 120-day moving average, which are like checkpoints and form strong resistance when the index goes up. When the stock price is close to these moving average positions, it often leads to a lot of selling. Just like a solid line of defense when marching and fighting, it is difficult for an attacker to break through without enough troops and strategies.Based on the above factors, it is very likely that the disk in the afternoon will fall back after the high. It is difficult to organize an effective counterattack again if there is no new major good news after many parties' early offensive attempts are frustrated. The empty side may seize the opportunity of multi-party power failure and increase the selling intensity. In particular, those investors who bought at the high point in early trading may choose to sell first once they find that the stock price is weak, which will trigger a chain reaction and lead to an accelerated decline in the stock price. Just like dominoes, one fell down, causing a total collapse.However, it seems that this upward momentum has not been sustained and effectively supported. In the process of early trading, although the volume of transactions has been enlarged to a certain extent, it has not reached the order of magnitude enough to support the continuous upward breakthrough of the market. It's like when a car is climbing a hill, although the engine is roaring, the power output is not enough to make it climb to the top smoothly. From a technical point of view, the current market index faces the suppression of multiple moving averages above, such as the 60-day moving average and the 120-day moving average, which are like checkpoints and form strong resistance when the index goes up. When the stock price is close to these moving average positions, it often leads to a lot of selling. Just like a solid line of defense when marching and fighting, it is difficult for an attacker to break through without enough troops and strategies.