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following january this year, the a-share market fell below the 2,800-point mark again. after the a-share market fell below 2,800 points last time, the market continued to accelerate its decline and bottomed out at 2,635 points in early february before it stopped falling and stabilized.

after half a year, the a-share market fell below 2,800 points again. although it barely closed above 2,800 points, it has not yet stabilized. if there is no major positive push, the market may test the effectiveness of the 2,800-point support again.

this time, the a-share market's downward trend basically showed a trend of shrinking volume. the decline in both volume and price generally represents a signal of a downward relay. even if there is a rebound later, there is still a risk of continuing to bottom out in the future. when the market begins to fall in large volume or rise in both volume and price, the market may show signs of stabilization in stages.

the stock market decline at the beginning of this year was more of an irrational decline. the market lost 2900, 2800 and 2700 points in succession, and then the policy support and the entry of large funds accelerated the pace of the stock market bottoming out.

different from the irrational downward trend at the beginning of this year, this time's decline not only did not see a significant increase in trading volume, but also no substantial favorable policies were introduced during the period. the bears made a massive move and the bulls had no power to fight back.