Today's AI analysis of pattern prediction..
It's interesting that even though it fell like this today, it's still above the 10-day line..
Every time, it parked amazingly below the 10-day line, but after hitting the 10-day line and rebounding about half, it parked from above.
The AI seems to be viewing it as support for the 10-day line and bottoming out, and a slight upward path.
Tomorrow is Friday, and since most Fridays are weak days, there's a high possibility that we'll test 6200 tomorrow.
Of course, you have to look at the chart, but looking at the earnings announcement of SanDisk, I feel like SOX is somehow ambiguous today.
Micron is still struggling to go above the 20-day line (about $900 is currently the 20-day line)
SOX is also currently below the 20-day line.
Ultimately, for a trend reversal to happen, the US needs to do it first. If foreign investors change their macro outlook slightly, there will be some changes. Although they say that Korea is leading, the results only amplify the role, and ultimately the trend depends on the US.
Today, Hynix plummeted due to the Solidum IPO and shareholder reduction demands, but I think the market needed an excuse to fall. Currently, it's more sensitive to falling factors than rising factors, and if there's a chance to fall, it falls immediately.
Looking at the futures trend today, foreigners were selling hard until 3 pm, but started buying again from 3 pm, and bought about 600 billion won in the late market.
I've been watching the futures closely lately, and I feel that the market trend reversal depends on the futures.
The futures index is hovering around 1000, and when it falls, it prevents it from going above 1000, and when it rises above 1000, it tries to stick to 1000 as much as possible.
There's an opinion that the trend is tied to futures open interest, but this person only looks at futures and likes conspiracy theories about foreigners.
https://uclif.yeobak.com/videos/mSUB1FE6YYo
You can see a summary of the related content here.
It's hard to hear this person's remarks on YouTube. They tend to speak in a difficult way, so I ask AI to summarize it for me.
For now, it seems like the sideways trend will continue, and you may need to take a swing trading strategy of buying at the bottom and selling when it rises a bit. However, since it's a game of odds, it's difficult to predict the future. So, if you get too greedy, buy and sell the next day when it rebounds.
However, please be careful that the Iran war has not ended yet and there are many other risks. If you buy after a sharp drop, it may fall further due to bad news the next day. So, I recommend setting your own rules, such as cutting losses if you buy and it falls further, and buying again in the latter half of the market.
For those who find swing trading difficult, it's okay to just stay still. However, foreigners are currently casting a negative image on Korea, so you need to distinguish whether this is noise intended to scare individuals.
The current concerns are more real than noise, so those who only focus on the market may need to be careful.
