Exponential surge followed by sharp pullback, watch for subsequent developments

Good evening, brothers [Taogu Ba]

My writing style is straightforward and concise, analyzing the market based on feedback.

Welcome everyone to share and discuss more.

……………………………………………………………………… Recently, I can’t review operations in the main post. ……………………………………………………………………… 2. Market Review: The index surged high and then sharply fell back, with a volume of 220.79 billion. There was significant order withdrawal during bidding. Tech stocks opened high but then declined in bulk, and stocks hitting the limit-up like Wol Nuclear Materials failed to hold their gains. The power sector saw mixed performance; GCL System Integration’s limited gains didn’t lead to much momentum. After Shun Sodium’s stock hit the board in the afternoon, the index started weakening and also hit the limit down. In the morning, the index rose on low volume, mainly driven by financials. After falling back, a new wave of decline was triggered, with a large retracement in the Shenzhen Composite and ChiNext indices, forming a reversal pattern from yesterday’s lower shadow. The chemical sector defied the trend and rose, with companies like Chitianhua hitting the board. Today’s high and then decline was expected. After the double bottom pin pattern earlier, if one wanted to go long, it would have been easier to do so then, forming a market consensus. If not, it indicates no intention to buy long. What are the expectations for the triple pin? Pushing higher again would only give the funds that failed the last long attempt a chance to prove themselves wrong. Since funds are not interested in going long here, the only option is to look for new value points. Most likely, the index will break below the recent lower shadows, and if there is a volume surge with rapid decline, it could easily hit new lows. No volume-driven sharp decline or rise has appeared yet, so the outlook can continue to be cautious. If there’s no suitable opportunity, it’s better to wait patiently. If tomorrow’s opening sees a sudden large volume drop below support, it could be a sign of recovery. ………………………………………………
3. Hot Stock Comments: Yunnan Energy Holdings: Two consecutive limit-downs, likely to stabilize tomorrow. If it hits three, it would be beyond expectations and could negatively impact sentiment. ………………………………………………
4. Market Environment: Profit-taking effect: Chips, Communications, ST stocks Losses: Power, Infrastructure, Steel ………………………………………………
Below are previous teaching posts (watching the live replay is recommended for better understanding): Live Tips - How to act at each cycle node?
https://www.tgb.cn/a/2cgP9i02Isq
Live Tips - How to quickly analyze and decide during bidding to opening in the first fifteen minutes?
https://www.tgb.cn/a/27AvyuhXaqN
………………………………………………
Everyone is welcome to leave comments and share. Thanks to brothers and sisters for likes, tips, and support:

Your recognition is my biggest motivation to share. Thank you all!