---
title: "Hang in there, and a turning point will come!"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39323799.md"
description: "$Shanghai Composite Index sh000001$ Yesterday, global markets generally rose, while the A-shares unexpectedly plunged. The Shenzhen Component Index fell over 1%, the ChiNext Index fell over 2%, with more than 4,500 stocks declining. The median decline was -1.9%. It was another day of being hammered. The combined trading volume of the two markets was 2.21 trillion yuan, shrinking by 117.5 billion compared to the previous day, and market sentiment directly hit rock bottom. Hot money is basically inactive; even quant funds can't move. The market has completely flatlined. The Shanghai Index dropped to a low of 4048 points, marking the first time it has fallen below the 60-day moving average since the 9.24 market move. The 60-day line is a psychological defense line for many; today is crucial..."
datetime: "2026-03-18T01:52:51.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39323799.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39323799.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39323799.md)
author: "[点金胜手](https://longbridge.com/en/profiles/12090136.md)"
---

# Hang in there, and a turning point will come!

$Shanghai Composite Index sh000001$ Yesterday saw a global rally, but the A-share market unexpectedly plunged. The Shenzhen Component Index fell over 1%, the ChiNext Index fell over 2%, with more than 4,500 individual stocks declining. The median decline was -1.9%, another day of being hammered.

The combined turnover of the two markets was 2.21 trillion yuan, shrinking by 117.5 billion yuan compared to the previous day, with market sentiment directly hitting rock bottom. Hot money is basically inactive; even quant funds can't move, and the market has completely given up.

The Shanghai Index fell to a low of 4048 points, marking the first time it has broken below the 60-day moving average since the 9.24 rally. The 60-day line is a psychological defense line for many, making today crucial. If a decent rebound cannot emerge, beware of a new round of adjustments in the short term.

Of course, the index's downside won't be too large:  
The first support is at 4000 points, the second at the half-year line of 3988 points. I judge that it's highly likely to briefly break 4000 points during the session and that will be about it.

Here's a pattern for you: This adjustment cycle usually lasts 21 trading days. So far, only 10 days have passed, just halfway. Going forward, you still need to play defensively, control your position, and don't chase highs.

Another phenomenon: When there's negative news from overseas over the weekend, Monday often doesn't fall, but Tuesday is highly likely to see a catch-up decline. The reasons are practical:  
1\. Quant funds harvest in a counter-human way;  
2\. Retail investors love to bottom-fish, entering on the first day, and if expectations aren't met the next day, they directly sell off.

But the A-share market isn't that pessimistic:  
It won't be great, but it definitely won't be too bad either.  
Regulators have already stated they will strengthen coordinated supervision. If the market falls further, stabilizing forces will step in at any time.  
This kind of sell-off now is actually more conducive to a slow bull market.

There was a positive signal yesterday:  
After retail investors surrendered, quant funds started cutting each other, indicating the ebb tide has entered its second half.  
After experiencing another low point, it will probably be about over.  
At this stage, first preserve your capital and quietly wait for a sentiment rebound.

⚠️ Try to avoid these two directions:

1\. High-flying stocks that rose 5x, 10x in the past two years;  
2\. Targets with obviously overvalued valuations and prone to catch-up declines.

Now let's look at sector and thematic directions:

1) Computing Power Token  
Hong Kong's "Token First Stock," Xunce, surged 36% yesterday. After the A-share market closed, it continued to explode 27CM higher, with the news fully fermenting.  
Tencent's QClaw is about to launch, the WeChat entry is being upgraded, combined with the "Token Factory" concept, the computing power direction is expected to see a rebound.

2) Liquid Cooling  
Google is in talks to purchase Chinese liquid cooling equipment. The news emerged yesterday afternoon, with leading stocks showing unusual movements during the session.  
It continued to ferment last night, presenting a repair opportunity for the liquid cooling sector.

3) International Oil Prices  
The White House stated oil prices might return to the $50s by year-end. As oil prices fell, overseas US stocks, A50, and Hang Seng Index futures all rose.

Today, the A-share market is highly likely to see a bottoming-out and recovery: open with a sell-off to flush out panic selling, then hit bottom and rebound.

In short, endure through this, and a turning point will come.

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## Comments (1)

- **彼得.林奇的交易员Jeff · 2026-03-18T02:10:57.000Z · 👍 1**: Daily Focus