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It is not surprising to me that the market has gone out of this trend today. This is also the adjustment that has been expected. There are two main reasons for today's market adjustment:Second, the smashing of funds in the north. From August 18th this year, the intraday specific transaction data of northbound funds will be lost! However, we can still see the histogram of the capital flow of the constituent stocks of the land stock connect. Please look at the picture below. As we can see from the figure below, a lot of money flowed out of the northbound capital this morning. Therefore, we see that the weight of some large-scale markets has fallen sharply today, such as the liquor sector. This is something that can't be helped. Because institutional funds like Northbound Capital rarely buy those small-cap stocks that lose money.It closed in the morning and the three major indexes were adjusted across the board. At the close, the Shanghai Composite Index fell 1.49%, the Shenzhen Component Index fell 1.74%, and the Growth Enterprise Market Index fell 1.78%. The number of households that fell by the close was 4,127. The number of rising households is 1188. As of the close of the morning, the turnover of the two cities was 1.23 trillion. Compared with the previous trading day, the volume was slightly 55.2 billion.

First of all, I might as well draw a long-term framework for the market here. Please look at the picture below.

So what's the final conclusion? After closing at noon today, my conclusion is that the market may have limited room to fall. It is expected that the short-term will gain support quickly. You don't have to worry too much.Second, the smashing of funds in the north. From August 18th this year, the intraday specific transaction data of northbound funds will be lost! However, we can still see the histogram of the capital flow of the constituent stocks of the land stock connect. Please look at the picture below. As we can see from the figure below, a lot of money flowed out of the northbound capital this morning. Therefore, we see that the weight of some large-scale markets has fallen sharply today, such as the liquor sector. This is something that can't be helped. Because institutional funds like Northbound Capital rarely buy those small-cap stocks that lose money.Then how will the market go next? Where is the support point of the market?