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From the perspective of capital flow, the cautious attitude of institutional funds makes the market lack strong upward momentum. After the important meeting, the market was full of expectations, but due to the lack of active guidance of institutional funds, the follow-up trend failed to unfold as optimistic as expected, but fell into a short-term dilemma. However, despite the short-term market weakness, from a medium-and long-term perspective, we need not be overly pessimistic.

Wednesday's intraday low can be appropriately increased, and it is not pessimistic in the short term!From the perspective of capital flow, the cautious attitude of institutional funds makes the market lack strong upward momentum. After the important meeting, the market was full of expectations, but due to the lack of active guidance of institutional funds, the follow-up trend failed to unfold as optimistic as expected, but fell into a short-term dilemma. However, despite the short-term market weakness, from a medium-and long-term perspective, we need not be overly pessimistic.

On Tuesday, the market opened sharply higher. However, at that time, we suggested that the upward gap on that day would be covered in a short period of time. Unexpectedly, the replenishment action was quickly completed on the same day, which undoubtedly showed the weakness of the current market. The inaction of institutional funds plays a key role in it.