The Chinese stock market closed on Tuesday. Today, the A-share market plummeted by 83 points, breaking through a transaction volume of 1.6 trillion yuan, with a particular acceleration in the afternoon's dive, leading to an 83-point drop. What exactly happened? Three major reasons have been identified, and will the market continue to fall? Please watch carefully and patiently for three minutes to understand for everyone.

Firstly: Today's A-share market was indeed somewhat inexplicable. After a counter-attack and rise just yesterday, it dove again today, dropping 83 points. Both markets broke through a transaction volume of 1.6 trillion yuan, with over 4,400 individual stocks falling, and only 800 rising, including 72 that hit their upper limit and two that hit their lower limit. Main force funds net sold nearly 70 billion yuan. Today's A-share market once again presented the post-National Day blues.

Secondly: So, what happened today that caused the A-share market to open low and walk low, especially with a sudden dive of 83 points in the afternoon? There are three reasons for this.

The 1st reason: Last night, all three major U.S. stock indices closed up, with the S&P 500 hitting a new historical high. However, the China concept stock index opened low and walked low, falling by more than 2.8%. Therefore, it directly affected the Hong Kong stock market to open low and walk low today, with the Hang Seng Index falling by more than 4.3%, and the Hang Seng Technology Index falling by more than 5%. The acceleration in the afternoon's dive was the main reason for the A-share market's further 83-point drop.

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The 2nd reason: This morning, the offshore RMB suddenly depreciated by more than 300 basis points again. Recently, the offshore RMB has been continuously falling for three weeks, breaking through the 7.13 threshold. Recently, the U.S. dollar index has also been rebounding continuously. This morning, the offshore RMB suddenly dived again, falling by more than 300 basis points. This is one of the main reasons affecting today's A-share market to fall again.

The 3rd reason: Last night, international oil prices plummeted by more than 4%, with international oil prices recently falling continuously from $78 to below $71. The sharp drop in crude oil prices has put pressure on today's A-share and Hong Kong stocks. Today's oil extraction sector and coal extraction sector have all been sold off. This is the third major reason for today's A-share market to dive and kill 83 points again.

Thirdly: This morning, the CSI 1000, STAR 50, and micro-plate stock indices were still red and rising. Today, the Shanghai Composite Index even rushed to 3285, with a counter-attack rise of more than 1.6% yesterday, and the market was quite good. Today, on Tuesday, it dived again by 83 points, which means that the sectors that had previously risen too high are still cashing in profits. Some stocks had risen too high in the early stage, and some chips couldn't help but take profits.

Fourthly: Looking at the A-share market from last Thursday to today, only some sectors have been able to rebound and rise, and even set new highs in the rebound, within four days. Among them, the software service and diversified finance sectors have set new highs in the rebound, and these two major sectors are also the last craze today. Cross-border payment has set a new high in the rebound again today, including the defense military sector, which also rose again today. Among them, real estate, China's head, and semiconductors have also had rebounds of about three days. Fortunately, I chose to drink soup and exit from some of the China's head and parts yesterday. However, the securities sector and the whole vehicle sector have not set new highs in the rebound. The securities sector has indeed risen a lot, and I took profits the day after the National Day, and the early rise was too high, so now it is in a wait-and-see state.

Fifthly: So, the question is, will the A-share market continue to fall after diving again by 83 points today?

Firstly, the recent fall and adjustment of the A-share market are actually mainly due to some sectors that have indeed risen too much. The rise in stock prices is the biggest risk. There will always be profits in the continued rebound, and funds will choose to cash in profits, which will again put pressure on the market.Secondly, the resonance effect between the securities sector and the broad market index is quite strong, as the securities sector had indeed experienced significant gains in the earlier period. Recently, the securities sector has not yet completed its adjustment, and if the securities sector has not finished adjusting, the broad market may continue to experience further retracements.

Lastly, today the A-share market once again plummeted by 83 points, recouping the positive line from yesterday, forming a pattern of two bearish candles surrounding a bullish one. Tomorrow, it is likely to continue its downward momentum惯性下探, first looking at the support near 3172. If it still fails to hold, it is not ruled out that it could drop to 3150. Overall, the market is showing a pattern of range-bound consolidation. In such a market, I focus primarily on short-term trading.