{"id":47338,"date":"2026-05-20T14:50:24","date_gmt":"2026-05-20T14:50:24","guid":{"rendered":"https:\/\/www.vtmarkets.com\/cn\/uncategorized\/%e9%87%91%e4%bb%b7%e8%b7%8c%e7%a0%b450%e6%97%a5%e5%9d%87%e7%ba%bf%ef%bc%8c4350%e7%be%8e%e5%85%83%e6%94%af%e6%92%91%e4%b8%8e4100%e7%be%8e%e5%85%83%e4%b8%8b%e8%a1%8c%e7%a9%ba%e9%97%b4%e6%88%90\/"},"modified":"2026-05-20T14:50:24","modified_gmt":"2026-05-20T14:50:24","slug":"%e9%87%91%e4%bb%b7%e8%b7%8c%e7%a0%b450%e6%97%a5%e5%9d%87%e7%ba%bf%ef%bc%8c4350%e7%be%8e%e5%85%83%e6%94%af%e6%92%91%e4%b8%8e4100%e7%be%8e%e5%85%83%e4%b8%8b%e8%a1%8c%e7%a9%ba%e9%97%b4%e6%88%90","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/cn\/live-updates\/%e9%87%91%e4%bb%b7%e8%b7%8c%e7%a0%b450%e6%97%a5%e5%9d%87%e7%ba%bf%ef%bc%8c4350%e7%be%8e%e5%85%83%e6%94%af%e6%92%91%e4%b8%8e4100%e7%be%8e%e5%85%83%e4%b8%8b%e8%a1%8c%e7%a9%ba%e9%97%b4%e6%88%90\/","title":{"rendered":"\u91d1\u4ef7\u8dcc\u783450\u65e5\u5747\u7ebf\uff0c4,350\u7f8e\u5143\u652f\u6491\u4e0e4,100\u7f8e\u5143\u4e0b\u884c\u7a7a\u95f4\u6210\u5173\u6ce8\u7126\u70b9"},"content":{"rendered":"

\u81ea3\u6708\u91d1\u4ef7\u8dcc\u783450\u65e5\u79fb\u52a8\u5e73\u5747\u7ebf\uff0850-DMA\uff0c\u6307\u8fc7\u53bb50\u4e2a\u4ea4\u6613\u65e5\u7684\u5e73\u5747\u4ef7\u683c\uff0c\u7528\u6765\u5224\u65ad\u77ed\u671f\u8d8b\u52bf\uff09\u4ee5\u6765\u4e00\u76f4\u627f\u538b\uff0c\u53cd\u5f39\u65f6\u4e5f\u672a\u80fd\u6536\u590d\u8be5\u6c34\u5e73\u3002\u8fd9\u663e\u793a\u4e0b\u8dcc\u52a8\u80fd\uff08\u4ef7\u683c\u6301\u7eed\u8d70\u5f31\u7684\u529b\u91cf\uff09\u4ecd\u5728\u3002<\/p>\n

\u57284,350\u7f8e\u5143\u9644\u8fd1\u6709\u4e00\u7ec4\u652f\u6491\u533a\uff08support cluster\uff0c\u6307\u591a\u4e2a\u652f\u6491\u56e0\u7d20\u96c6\u4e2d\u5728\u540c\u4e00\u4ef7\u683c\u5e26\uff0c\u652f\u6491\u66f4\u5f3a\uff09\uff0c\u56e0\u4e3a200\u65e5\u79fb\u52a8\u5e73\u5747\u7ebf\uff08200-DMA\uff0c\u6307\u8fc7\u53bb200\u4e2a\u4ea4\u6613\u65e5\u7684\u5e73\u5747\u4ef7\u683c\uff0c\u7528\u6765\u5224\u65ad\u4e2d\u957f\u671f\u8d8b\u52bf\uff09\u4e0e\u591a\u5e74\u4e0a\u5347\u8d8b\u52bf\u7ebf\uff08ascending trend line\uff0c\u8fde\u63a5\u4e00\u6bb5\u65f6\u671f\u5185\u7684\u4f4e\u70b9\u5f62\u6210\u7684\u4e0a\u5347\u652f\u6491\u7ebf\uff09\u5728\u6b64\u4ea4\u6c47\u3002200-DMA\u4e5f\u6807\u57284,353\u7f8e\u5143\/\u76ce\u53f8\uff08oz\uff0c\u76ce\u53f8\u4e3a\u8d35\u91d1\u5c5e\u5e38\u7528\u8ba1\u4ef7\u5355\u4f4d\uff09\u3002\u4e00\u65e6\u8dcc\u7834\u8be5\u533a\u57df\uff0c\u53ef\u80fd\u6253\u5f00\u8fdb\u4e00\u6b65\u4e0b\u884c\u7a7a\u95f4\uff0c\u6307\u54114,100\u7f8e\u5143\/\u76ce\u53f8\u3002<\/p>\n

\u5173\u952e\u963b\u529b\u4e0e\u53cd\u5f39\u6c34\u5e73<\/h3>\n

\u91d1\u4ef7\u5df2\u56de\u843d\u5e76\u8dcc\u7a7f4,500\u7f8e\u5143\/\u76ce\u53f8\u3002\u82e5\u51fa\u73b0\u77ed\u7ebf\u53cd\u5f39\uff0c\u963b\u529b\uff08resistance\uff0c\u4ef7\u683c\u4e0a\u884c\u65f6\u5bb9\u6613\u9047\u5230\u5356\u538b\u7684\u533a\u57df\uff09\u53ef\u80fd\u51fa\u73b0\u5728\u8fd1\u671f\u201c\u67a2\u8f74\u9ad8\u70b9\u201d\u533a\u95f4\uff08pivot-high\uff0c\u77ed\u671f\u5185\u5f62\u6210\u7684\u5c40\u90e8\u9ad8\u70b9\u533a\uff094,685\u81f34,775\u7f8e\u5143\u3002<\/p>\n

\u6211\u4eec\u8ba4\u4e3a\uff0c\u91d1\u4ef7\u5728\u672a\u80fd\u91cd\u8fd450\u65e5\u79fb\u52a8\u5e73\u5747\u7ebf\u4e4b\u4e0a\u540e\u4ecd\u53d7\u538b\u3002\u5e02\u573a\u7126\u70b9\u76ee\u524d\u96c6\u4e2d\u57284,350\u7f8e\u5143\u9644\u8fd1\u7684\u4e3b\u8981\u652f\u6491\u533a\u3002\u8be5\u533a\u57df\u5173\u952e\u4e4b\u5904\u5728\u4e8e\u540c\u65f6\u5bf9\u5e94200\u65e5\u79fb\u52a8\u5e73\u5747\u7ebf\u4e0e\u591a\u5e74\u8d8b\u52bf\u7ebf\u3002<\/p>\n

\u8fd1\u671f\u6570\u636e\u4e5f\u5728\u5f3a\u5316\u8fd9\u79cd\u8d70\u5f31\u72b6\u6001\uff1a\u4e3b\u8981\u9ec4\u91d1ETF\uff08\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\uff0c\u50cf\u80a1\u7968\u4e00\u6837\u5728\u4ea4\u6613\u6240\u4e70\u5356\u3001\u7528\u6765\u8ddf\u8e2a\u9ec4\u91d1\u4ef7\u683c\u7684\u57fa\u91d1\uff09\u8fde\u7eed\u56db\u5468\u51fa\u73b0\u8d44\u91d1\u6d41\u51fa\uff08outflows\uff0c\u8d44\u91d1\u64a4\u79bb\uff09\uff0c\u4ec55\u6708\u5c31\u64a4\u51fa\u8fd115\u4ebf\u7f8e\u5143\u3002\u5373\u4f7f\u6700\u65b0CPI\uff08\u6d88\u8d39\u8005\u7269\u4ef7\u6307\u6570\uff0c\u7528\u6765\u8861\u91cf\u901a\u80c0\u7684\u6307\u6807\uff09\u4e3a2.8%\uff0c\u7565\u4f4e\u4e8e\u9884\u671f\uff0c\u4e5f\u4e0d\u8db3\u4ee5\u5e26\u52a8\u4e70\u76d8\u5174\u8da3\u3002<\/p>\n

\u5173\u952e\u652f\u6491\u9644\u8fd1\u7684\u671f\u6743\u5e03\u5c40<\/h3>\n

\u56de\u987e\u7c7b\u4f3c\u6280\u672f\u5f62\u6001\uff1a2025\u5e74\u7b2c\u4e09\u5b63\u91d1\u4ef7\u66fe\u6d4b\u8bd5200\u65e5\u79fb\u52a8\u5e73\u5747\u7ebf\uff0c\u5f53\u65f6\u51fa\u73b0\u5f3a\u52b2\u53cd\u5f39\uff0c\u4f46\u4e3b\u8981\u7531\u5916\u90e8\u56e0\u7d20\u63a8\u52a8\uff0c\u800c\u8fd9\u4e9b\u56e0\u7d20\u76ee\u524d\u672a\u89c1\u3002\u91cd\u70b9\u5728\u4e8e\u89c2\u5bdf\u4ef7\u683c\u80fd\u5426\u5b88\u4f4f4,350\u7f8e\u5143\u5e76\u5f62\u6210\u6709\u6548\u9632\u5b88\u3002<\/p>\n

\u5bf9\u884d\u751f\u54c1\uff08derivatives\uff0c\u4ef7\u503c\u968f\u6807\u7684\u8d44\u4ea7\u5982\u9ec4\u91d1\u4ef7\u683c\u53d8\u5316\u7684\u5408\u7ea6\uff09\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u82e5\u679c\u65ad\u8dcc\u78344,350\u7f8e\u5143\uff0c\u5c06\u662f\u8003\u8651\u4e70\u5165\u770b\u8dcc\u671f\u6743\uff08put options\uff0c\u652f\u4ed8\u6743\u5229\u91d1\u540e\u83b7\u5f97\u5728\u5230\u671f\u524d\/\u5230\u671f\u65f6\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u5356\u51fa\u7684\u6743\u5229\uff0c\u901a\u5e38\u7528\u6765\u62bc\u6ce8\u4e0b\u8dcc\u6216\u5bf9\u51b2\uff09\u7684\u660e\u786e\u4fe1\u53f7\u3002\u4e0b\u4e00\u9053\u4e3b\u8981\u652f\u6491\u8981\u52304,100\u7f8e\u5143\uff0c\u7ed9\u7a7a\u5934\uff08bearish\uff0c\u770b\u8dcc\uff09\u4ed3\u4f4d\u63d0\u4f9b\u8f83\u6e05\u6670\u76ee\u6807\u3002\u8be5\u4ea4\u6613\u89e6\u53d1\u6761\u4ef6\u53ef\u8bbe\u4e3a\u201c\u65e5\u7ebf\u6536\u76d8\u4ef7\u201d\uff08daily close\uff0c\u4e00\u5929\u4ea4\u6613\u7ed3\u675f\u65f6\u7684\u6536\u76d8\u4ef7\uff09\u8dcc\u7834\u8be5\u5173\u952e\u5747\u7ebf\u3002<\/p>\n

\u53cd\u8fc7\u6765\uff0c\u82e54,350\u7f8e\u5143\u652f\u6491\u5b88\u4f4f\u5e76\u51fa\u73b0\u53cd\u8f6c\u8ff9\u8c61\uff0c\u53ef\u7528\u770b\u6da8\u671f\u6743\uff08call options\uff0c\u652f\u4ed8\u6743\u5229\u91d1\u540e\u83b7\u5f97\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u4e70\u5165\u7684\u6743\u5229\uff0c\u901a\u5e38\u7528\u6765\u62bc\u6ce8\u4e0a\u6da8\uff09\u53c2\u4e0e\u53cd\u5f39\u3002\u4f46\u4efb\u4f55\u53cd\u5f39\u5927\u6982\u7387\u4f1a\u57284,685\u7f8e\u5143\u9644\u8fd1\u906d\u9047\u660e\u663e\u963b\u529b\u3002\u4ea4\u6613\u8005\u5e94\u7b49\u5f85\u786e\u8ba4\u4fe1\u53f7\u518d\u5efa\u7acb\u504f\u591a\u4ed3\u4f4d\uff0c\u56e0\u4e3a\u4e3b\u8d8b\u52bf\u4ecd\u504f\u5f31\u3002<\/p>\n

\u9690\u542b\u6ce2\u52a8\u7387\uff08implied volatility\uff0c\u671f\u6743\u4ef7\u683c\u53cd\u63a8\u51fa\u5e02\u573a\u5bf9\u672a\u6765\u6ce2\u52a8\u7684\u9884\u671f\uff09\u5728\u63a5\u8fd1\u5173\u952e\u4ef7\u4f4d\u65f6\u4e0a\u5347\uff0c\u610f\u5473\u7740\u671f\u6743\u66f4\u8d35\u3002\u8fd9\u53ef\u80fd\u8ba9\u4fe1\u7528\u4ef7\u5dee\u7b56\u7565\uff08credit spreads\uff0c\u540c\u65f6\u5356\u51fa\u4e00\u4efd\u671f\u6743\u5e76\u4e70\u5165\u53e6\u4e00\u4efd\u66f4\u8fdc\u4ef7\u4f4d\u671f\u6743\u4ee5\u9650\u5236\u98ce\u9669\uff0c\u5148\u6536\u53d6\u6743\u5229\u91d1\uff0c\u9002\u5408\u62bc\u6ce8\u4ef7\u683c\u4e0d\u5927\u5e45\u8dcc\u7834\u652f\u6491\uff09\u66f4\u5177\u5438\u5f15\u529b\uff0c\u9002\u5408\u8ba4\u4e3a4,350\u7f8e\u5143\u80fd\u5b88\u4f4f\u7684\u4ea4\u6613\u8005\u3002\u82e5\u8be5\u6c34\u5e73\u5931\u5b88\uff0c\u6ce2\u52a8\u7387\u53ef\u80fd\u6025\u5347\uff0c\u6709\u5229\u4e8e\u5df2\u6301\u6709\u591aVega\u4ed3\u4f4d\uff08long vega\uff0c\u5bf9\u6ce2\u52a8\u7387\u4e0a\u5347\u654f\u611f\u3001\u4ece\u6ce2\u52a8\u7387\u4e0a\u5347\u4e2d\u53d7\u76ca\u7684\u671f\u6743\u4ed3\u4f4d\uff09\u7684\u6295\u8d44\u8005\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u91d1\u4ef7\u8dcc\u783450\u65e5\u5747\u7ebf\u540e\u6301\u7eed\u504f\u5f31\uff0c4,350\u7f8e\u5143\u6210\u591a\u7a7a\u51b3\u6218\uff1a\u5931\u5b88\u6050\u4e0b\u770b4,100\uff1b\u5b88\u4f4f\u6216\u53cd\u5f39\u4f464,685-4,775\u963b\u529b\u91cd\u3002ETF\u64a4\u8d44\u3001\u6ce2\u52a8\u7387\u5347\uff0c\u671f\u6743\u7b56\u7565\u6210\u7126\u70b9\u3002<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-47338","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/cn\/wp-json\/wp\/v2\/posts\/47338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn\/wp-json\/wp\/v2\/comments?post=47338"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/cn\/wp-json\/wp\/v2\/posts\/47338\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/cn\/wp-json\/wp\/v2\/media?parent=47338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn\/wp-json\/wp\/v2\/categories?post=47338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn\/wp-json\/wp\/v2\/tags?post=47338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}