投顾观市：市场回调在即，警惕高标垃圾股

Core Viewpoint - The market is experiencing a downward trend, with major indices showing weakness and individual stocks facing significant declines [1][2]. Group 1: Market Performance - The Shanghai Composite Index showed a low performance, with a minimum intraday point of 3376, aligning with the 5-day moving average at the close [1]. - The Shenzhen market declined by 0.72%, closing near the 5-day moving average, indicating a potential breach if the market opens flat tomorrow [2]. - The ChiNext Index fell by 0.96%, facing pressure from the 6-day moving average, with the STAR 50 showing relatively weak performance [2]. Group 2: Technical Analysis - The trading volume decreased to 1.14 trillion yuan, significantly lower than the previous trading day, indicating insufficient market momentum [1]. - There is a technical demand for the market to test the 60-day moving average, especially if the daily indicators show a MACD and KDJ double death cross [1]. - The Shenzhen market has a foundational demand for a 60-minute double death cross, necessitating a wait for the 60-minute indicators to recover [2]. Group 3: Investment Strategy - Investors are advised to be cautious of high-flying junk stocks, as significant adjustments could occur, leading to substantial losses [2]. - A potential trading opportunity may arise only after the daily indicators recover, suggesting a need for a more favorable market condition before considering a wave trading strategy [2].