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The third trend is relatively messy. The reason for this trend is that on the one hand, Bernanke’s two speeches at the beginning of this month were inconsistent. He both talked about the expectation of exit and affirmed quantitative easing without a clear tendency; On the other hand, the market sentiment is relatively anxious and has no direction. Therefore, no matter which policy Bo Lao affirms, investors will make corresponding position arrangements. Therefore, the market fluctuated widely on Wednesday night, rising and falling.
Personally, I think it is certain that the Fed will gradually slow down the pace of bond purchases in the later period. The reason why the market fell so sharply in the early stage is mainly because this news has just become known and it was also the first time that Bernanke mentioned it. When this point becomes the general consensus, I believe that Wuxi Juntai's room for decline is extremely limited. I personally believe that with the current market conditions, investors are no longer recommended to continue short selling, and the mid-line long order opportunity will come again.
In terms of institutional holdings, the gold holdings of r, the world's largest gold exchange-traded fund, remained at tons as of March, the same as the previous trading day. The world's largest Wuxi Juntai R holds tons of positions.
Technical Analysis
Wuxi Juntai’s weekly chart closed with the barren line. It fluctuated within a narrow range at the beginning of the week until it achieved a breakthrough under the stimulation of Bernanke’s speech on Wednesday. However, the room for decline was not very large, and again It has fallen into shock again. At present, the triangle in the four-hour chart has broken through downwards, but after breaking the position, it still fluctuates around the lower edge of the triangle. Therefore, it is of little significance to know this trend line. Pay attention to the strong pressure point above. If it can break through upward, it will be clear that the market will reverse upward and the midline will turn bullish. Otherwise, it is better for those who are stable to wait and see.
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