A-shares are about to open, so I want to share some thoughts from last night and potential market movements today with everyone.

First, let's look at the performance of the US stock market. Last night, the three major indices showed mixed results — the Nasdaq rose slightly by 0.16%, but the Dow Jones fell by 0.94%, and the S&P 500 also declined by 0.34%. From this pattern, it appears that in the short term, US stocks are more likely to weaken in the very short term.

Next, let's consider the rhythm of our A-shares. Today is Thursday, and the market has already rallied for 14 consecutive days. According to conventional technical analysis, the likelihood of a pullback or consolidation today is higher. However, there's no need to be overly nervous; if a correction does occur, the area around 4034 points should serve as a relatively strong support.

From the overall pattern, I lean towards the market forming a relatively strong doji star today — meaning, if the market refuses to undergo a deep correction and volatility remains moderate, there is a possibility of a slight upward move tomorrow. Technically, the target for this rebound could be around 4132 points.

It's worth mentioning a common saying: after a continuous rise, a correction is inevitable — it's just a matter of timing. At this point, we can confirm one thing: this short-term rally is nearing its end. Therefore, regardless of your trading approach, it's crucial to control your positions and avoid heavy exposure.

On the operational level, those hot sectors that have already experienced significant gains should be cautiously avoided in the very short term. Conversely, sectors that have performed modestly recently and are still at relatively low levels are worth paying attention to for potential opportunities.

Also, pay attention to a detail: if the intraday chart shows a strong upward trend in the morning, be cautious about the possibility of a pullback or profit-taking in the afternoon. This is a common rhythm after a sustained rally.