“申”度解盘 | 多角度判断，未来几周有望继续强势

Core Viewpoint - The market is expected to continue its upward momentum in the coming weeks, potentially breaking through the previous high set on October 8, leading to a significant market rally [1]. Funding Aspects - Recent funding conditions have seen five major positive developments, with substantial capital inflows into the stock market: - Southbound funds recorded a single-day purchase of HKD 20.184 billion in Hong Kong stocks, bringing the total net purchase for the year to HKD 820.028 billion, surpassing last year's total of HKD 807.9 billion, marking a historical high for the same period [2]. - Public funds have shown improvement, with mixed funds growing by CNY 121.3 billion to CNY 3.68 trillion in June, alongside a slight increase in share volume [2]. - The M1-M2 spread has narrowed, indicating a potential shift in liquidity dynamics [3]. - Public bond funds experienced their largest single-day redemption since January, with nearly CNY 100 billion sold, suggesting a possible reshuffling of asset allocations [3]. - Life insurance products are expected to see a decrease in interest rates, with the current standard rate set at 1.99%, down 14 basis points from the previous 2.13% [3]. Technical Aspects - Three technical indicators suggest a bullish outlook, with a short-term target above 3700: - The gap analysis from the island reversal gap on May 7 to the continuation gap on July 21 indicates a potential upward movement above 3700 [4]. - A descending flag pattern formed since October 8 has been effectively broken in June, also suggesting a target above 3700 [4]. - The wave count indicates a strong trend, currently in a 3-3 formation, supporting the bullish sentiment [5]. Summary - The market is poised for a strong upward attack in the short term, with a focus on maintaining appropriate positions. For those less adept at stock selection, ETFs are recommended as a viable investment option [6].