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I just saw the evening session market and found it quite interesting—gold and silver futures plunged in the short term, and the FTSE A50 also followed with a correction. This has made many people start to worry: will the A-shares also decline tomorrow?
Let's look at the data first. The decline of London silver has exceeded 6%, and New York gold has also dropped more than 1%. The traditional safe-haven assets, gold and silver, both came under pressure, which indeed reflects a change in market sentiment. At the same time, the FTSE A50 fell by 0.47%, and there was a round of selling on the intraday chart. This downward move looks quite fierce.
But honestly, I don't think it's a big problem.
Why do I say that? Because the Hong Kong market has given us some support. From a technical perspective, the Hang Seng Index, especially the Hang Seng Tech Index, has a good chance of rising tomorrow. Remember the big bullish candlestick on the first day of the year in Hong Kong stocks? The closing price of that candlestick will provide quite solid support for the market tomorrow.
Looking at the US market now. The three major indices performed reasonably well, with the Nasdaq index rising slightly by 0.27%. Judging from the Nasdaq's trend, it is slightly stronger than I previously expected. If the Nasdaq can close higher smoothly tonight, there may be a few more trading days with a relatively strong pattern.
Back to A-shares. They have indeed rallied for 14 consecutive days, showing obvious overbought signs, which cannot be denied. But as long as the external markets don't encounter any particularly big surprises, short-term issues shouldn't be a big deal. After 14 consecutive days of gains, from a very short-term perspective, A-shares can still maintain a bullish outlook.