Research On The Application Of The Csi 500 Stock Index Futures Based On Wyckoff Theory

This article applies the Wyckoff theory to carry out the application research of 500 index futures.Standardization of our country with small and medium-size market value of the first stock index futures contracts-Csi 500 stock index futures were officially listed on April 16,2015,after that,it experienced the violent fluctuations of A shares and futures markets during the period from June 19,2015 to July 8,2017,which is known in the market crash.The supervision department will carry out the strict control of the number of trades and the procedures of the stock index futures contract,and carry out the ’rescue market’ to prevent the further expansion of risk.With the stability of the stock index futures market,there are some signs that the regulator will gradually release strict supervision of stock index futures.Under the above background,this article mainly uses the international mature Wyckoff theory to study the trend of the 500 index futures in the period from April 16,2015 to February 2,2018.It shows that the Wyckoff theory can guide investors to leave the market before the’market crash’ of A shares,effectively avoid the risk of ’market crash’,and use the Wyckoff theory to guide the transaction to obtain stable investment returns.The Wyckoff theory is based on the market rise and fall cycle and the three basic relationships which are supply and demand,causality and effort and result,with collecting charts and distributing chart,main research price,turnover,speed to parse the size of market supply and demand relations,analysis forecasting trend direction.It is a kind of subjective model trading systems.This article use Wyckoff theory to analyze the trend of candle chart in different period,which include the period of Csi 500 stock index futures in the crash,before the crash and after the crash,puts forward the effective trading strategy and carry on the empirical analysis,including detailed enter strategy.In chapter 1:It introduces the research background,significance,research content and innovation points.In chapter 2:It introduces the Wyckoff theory and technical analysis,focusing on the Wyckoff theory and comparing other theories to explain the superiority of the theory.In chapter 3:The application of stock index futures and the Wyckoff theory in our country,and the application conditions of Csi 500 stock index futures market in China are analyzed.It also conducts a trial study on the SSE 50,Csi 500 index.In chapter 4,the application of Wyckoff theory in ’market crash’-taking the Csi 500 index futures as an example,which includes the analysis of the daily chart of the market crash before,in and after,and the trend analysis of weekly and monthly chart.In chapter 5:it is the empirical research on the trading strategy of the 500 index futures trading based on the Wyckoff theory.In chapter 6:it is summary and prospect.This article studies the Wyckoff theory of 500 stock index futures and hopes to provide a reference and investment methods for investors.