Yesterday afternoon after 2:30 PM, although the market moved with a bearish trend, it was pushed up strongly at the end of the session, finally closing up by 0.04%, marking the end of a nine-day winning streak. However, a closer look at various sectors reveals a less optimistic picture—main indices like the Shenzhen Component Index, ChiNext Index, Hang Seng Index, CSI 300, and A500 mostly declined, with only the Sci-Tech Innovation Board Index holding steady, up by just 0.23%, barely.



The real uncertainty actually comes from overseas. The US stock market, just returning from the holiday, has shown some instability, with tech giant NVIDIA plunging by 1.21%. We need to watch how fierce the impact on the tech sector might be.

This slow upward pace definitely can't go much further. The upcoming scenario is basically twofold—either a rapid acceleration or a pullback to gather strength. Whether it's 9 consecutive days of gains or 10, a rise will inevitably be followed by a fall—that's the market's iron law. Even during an uptrend, some degree of retracement is unavoidable.

To judge how far a market rally can go, the key isn't just how much it has risen, but also the space for a pullback, whether there are buyers to support the decline, and which stocks are still holding firm versus those that are starting to fall behind. Honestly, if a pullback occurs now, it could actually be more beneficial for the subsequent trend—it would make the rally look more solid, and the main sectors we've been tracking would be more likely to stand out during this process.

From the current market rhythm, there haven't been any significant changes yet. Just hold on and don't rush.
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GateUser-a606bf0cvip
· 1h ago
Nine consecutive days of gains only 0.04%, the late rally is a bit outrageous.
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FrogInTheWellvip
· 7h ago
A 0.04% increase, and you're still proud to call it a continuous rally? The Shenzhen Composite is also falling. NVIDIA's plunge needs to be watched closely; the tech sector is probably going to take a hit. A 9-day rally is definitely going to pull back; now is the time to wait for that dip. This tug-of-war, when will it truly start to move? Hold on to it; anyway, there's no good solution. Let's see who can last until the end.
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GhostInTheChainvip
· 7h ago
0.04% this increase feels like self-deception; the true indices have all fallen --- Nvidia's plunge must be taken seriously; our tech sector will suffer --- A late nine-day rally will inevitably pull back; there's no need for self-comfort --- Now we're just waiting for the pullback; in fact, a pullback is good for the subsequent market trend --- The Sci-Tech Innovation Board Composite Index is still holding up, but other indices have fallen behind; the divergence is too obvious --- This slow upward pace can't last; either break through directly or fall --- Just holding on is enough, but the real test will come to see who can persist --- The US stock market's return from holiday is unstable; this really has a significant impact on us --- The key is the space for the pullback and who is taking the offload, not how much it has risen --- A 0.23% increase barely holding on; this market looks very fragile
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PumpStrategistvip
· 7h ago
0.04% increase sustains 9 consecutive days of gains? The story of the chip distribution hasn't been finished yet. If Nvidia takes a dive, the entire logic collapses.
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ChainPoetvip
· 7h ago
The late-day rally is an old trick; what really matters is whether the pullback can hold. Nvidia's plunge is a bit annoying; we need to watch out for the tech sector getting hammered. Hold on to your positions; a pullback might actually be a good opportunity to build positions. After so many consecutive positive days, a correction is inevitable; it's nothing unusual. The Shenzhen Composite Index is falling, with only the ChiNext Index holding up; the divergence is too obvious and seems off. A slow climb indeed can't go far; let's wait and see if it accelerates or pulls back. There's no rush now; whether the mainline stocks fall behind is the real key.
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