Yesterday's Dow Jones trend was a black candle that rushed up and down, and the closing point was still between the 5-day moving average and the 10-day moving average, but now this point has fallen below the 5-day moving average.

At this time, the Dow's 5-day, 10-day, 20-day, 40-day, and 60-day moving averages all diverge to the lower right, showing a typical bearish alignment.

The trend of its K-line chart is even more revealing, starting from this round of decline on September 29, until October 10, there are a total of 10 K-line charts, of which 9 are negative. The highest point of these ten candlesticks was 11139 points on September 29, and the lowest point was 7882 points on October 10, a total of 3257 points, or 29.24%.

Such a large decline in such a short period of time is unprecedented in the history of the Dow.

Originally stimulated by the good news that the U.S. Treasury Department injected funds to bail out banks, the Dow Jones surged sharply higher in the two days of October 13 and 14, and there seemed to be signs of a low reversal. In particular, on October 13, the Dow's 11.08% rise was rare, but the U.S. economic environment was in decline, and the Dow's rally could not be sustained.

If the Dow continues to rise on the 5-day moving average today, breaking through the 10-day moving average, it may be a different story.

But it can't stand above the 5-day moving average, this trend is the same as the emptiness below the London copper rush analyzed by Li Xin, and the possibility of stepping back on the low point or even hitting a new low in the future continues to increase.

Perhaps because investors in the London copper futures market saw that the Dow would continue to fall, the price of London copper closed at the lowest point of the day at 2:00 a.m., $4,820, or 9.06%.

The opening price of $5275 is also the highest price of the day, and today's K-line chart is a real bald head and bare feet of the big black line, which swallowed up all the gains of London copper in the first two trading days, and the downward trend is undoubtedly revealed.

In the following two hours, the Dow did not live up to the expectations of investors in the London copper market that it would continue to fall, and at 4:00 a.m., the Dow closed at 8577 points. This point is just one step away from the intraday low of 8530 points, which is 733 points, or 7.87%, compared to the previous trading day.

This black candle engulfed almost 95% of the gains in the previous two trading days.

Early in the morning of Thursday, October 16, Li Xin saw the trend of the Dow Jones and London copper last night, and was more convinced that the copper price in the domestic futures market would definitely fall below the 40,000 yuan mark.

At 8:00 a.m., London copper opened at $4,700, which was $182, or 3.78%, from last night's closing price of $4,820. And London copper continued to fall after the opening. By 9:00 a.m., when the domestic futures market was about to open, the price of London copper had fallen to $4,653.

The copper price in the domestic futures market did not live up to Li Xin's expectations, and the price of the falling limit of 40,070 yuan was opened at the time of the call auction, which was 1,660 yuan lower than yesterday's closing price, a decrease of 3.98%. And this price has continued until the close of 15:00 in the afternoon, and the trend of today's futures copper is a K-line chart with a one-word limit.

The price has fallen to this level, and no one has any illusions about the support strength of the integer mark of 40,000 yuan, which is like a thin layer of window paper, which is blown and broken.

Li Xin's profit in the account at this time has reached more than 267 million yuan.

At 21:30 in the evening, after the Dow Jones Industrial Average opened at 8,577 points, it fluctuated higher to 8,708 points in 15 minutes, an increase of 1.52%, and then walked out of a wide range of markets.

From 21:46 in the evening, the Dow began to fall from around 8700 points to 8210 at 23:12 in the evening, a decrease of 367 points, or 4.28%, compared with the previous trading day.

London copper prices have changed from 8:00 in the morning has been in a downturn, in the Dow after the opening of the ten minutes of the rush, London copper also hit a high of $4,909 with the rise, and then fell to $4,545 at about 23:30 in the evening.

Starting at 23:15 in the evening, the Dow continued to rise from 8210 points until 8689 points at 00:22 in the morning. Since then, the Dow Jones has been hovering back and forth in the space of 8650 points ~ 8440 points, and at 2 o'clock in the morning, the point of the Dow Jones is 8580 points. This is almost exactly the same as yesterday's Dow close at 8,577.

Unexpectedly, at 2:00 a.m., the closing price of London copper did not follow the Dow Jones to near yesterday's closing price, but fell sharply to $4,605, a decrease of 4.5%.

After 2:00 a.m., the Dow retraced from 8,580 to 8,630 at 2:26 a.m., followed by a wave of faster rises, and by the time it closed at 4:00 a.m., the Dow closed at 8,979 points, up 401 points, or 4.68%, from the previous trading day. This closing point is near the highest point of the day at 9013, and today this candlestick chart is a long white candlestick with a long lower shadow.

The Dow Jones Industrial Average hit a low of 8,197 last night, and although it has broken through the low closing level of 8,451 set on October 10, it has not broken through the low of 7,882 set on October 10.

In particular, the closing point of 8979 points last night rose sharply by 4.68% compared to the previous trading day, so that this wave of decline in the past few days has a sign that it will stop at the 8500 level.

Because after hitting the lowest closing point of 8451 points on August 10, the Dow rose sharply in the following two trading days, although the Dow fell sharply by 7.87% on October 15, showing signs of further decline, but its closing point was closed at 8577 points, not breaking through the lowest closing point of 8451 points set on October 10.

The opening point of the Dow last night was 8577 points, although the lowest point fell to 8197 points, but by the end of the day it was a sharp rise, and the index at 8500 points This line of stability seems to have gradually emerged.

The impact of the Dow's trend was reflected in the trend of London copper on the second day, which was Friday, October 17, the last trading day of the week.

At 8:00 a.m., the opening price of London copper was $4,800, which is a significant increase of $195, or 4.23%, compared with yesterday's closing price of $4,605.

Although the price gradually retraced to around $4,730 after the opening of the market because of the large gap opening, the upward trend is still very obvious compared with the previous trading day.

The rise in the Dow Jones index and London copper also greatly affected the price action of domestic futures copper today.

At 8:59 a.m., the opening price of the call auction was 38,100 yuan, which was only 40 yuan higher than today's 38,060 yuan limit, and compared with yesterday's closing price, it fell sharply by 1,970 yuan, or 4.92%.

This opening price alone made Li Xin think a lot.

Originally, Li Xin closed a down limit yesterday, and felt that it was reasonable to open another price limit today without the stimulation of more good news.

But when he got up in the morning and looked at the trend of London Copper and the Dow Jones last night, he felt that it was a little difficult to get out of the fall limit today. Not only that, but as long as the opening price is not higher than yesterday's closing price, it is already good.

What he didn't expect was that the opening price of 38,100 yuan was near the 38,060 yuan limit. This gave him a glimmer of hope, which shows that even when the bullish news in the overseas market gradually emerged, the view of copper prices in the domestic futures market is still very low.

But even so, the down limit has been opened, and Li Xin still has no bottom in his heart about how the price will go during the next few hours of trading today.

And the subsequent trend also proves that today's market situation is indeed difficult to understand.

After the opening at 9:00, the copper price rushed from the opening price of 38,100 yuan to 40,600 yuan in just two minutes, and there was an increase of 2,500 yuan from the low point to the high point.

Although the price of more than 40,000 yuan is just a flash, this trend really surprised Li Xin: the price trend three days ago was rushed to the price limit and then hit the fall limit.

Before he came back to his senses, after 9:03, the price began to gradually fall from near yesterday's closing price of 40,070 yuan, and at 9:15 a.m., the lowest price fell to 38,150 yuan, a decline of 4.79%, and returned to today's opening price again. In just 15 minutes, the price rose by 2,500 yuan from the lowest point to near the highest point of the day, and then immediately fell by 2,500 yuan from the highest point, returning to near the opening price in the morning. In such a short period of time, the cumulative rise and fall of the upper and lower ranges added up to nearly 5,000 yuan, even Li Xin, who often tosses in the futures market, is also amazed: yesterday, if any short had the foresight to close the position on the 40,070 yuan down limit, wait until this morning after the opening of the price rushed to more than 40,000 yuan and then sell to open a position, continue to pick up the short position, this night is equivalent to catching one more fall limit!