盈信量化（首源投资）A股：低开低走，主力反手做空，下午大盘，能否旱地拔葱

Market Overview - A-shares experienced a decline in the morning, opening lower and showing a slight drop during the session, leading to a quiet market despite increased trading volume, indicating a pattern of rising on low volume and falling on high volume [1] - The overall market was driven down by the securities sector, with a broad decline in individual stocks, resulting in an average stock price index drop of 1.43% by 10:30 AM, with over 4,500 stocks declining [3] Sector Performance - The oil sector, including the three major operators, saw a rise of 1.63%, while the precious metals sector increased by 3.68%. In contrast, the securities index fell over 1% in the morning, with insurance down by 0.53% [5] - Significant declines were noted in sectors such as new energy vehicles, liquor, food and beverages, artificial intelligence, and pharmaceuticals, primarily affecting small and mid-cap stocks [6] Technical Analysis - The morning's decline is viewed as a necessary technical adjustment, with the market needing to allow for normal corrections to avoid deeper damage to small-cap stocks [7] - The A-share index did not break below the critical support level of 3,372 points, and the average stock price index fell by 1.7%, indicating a potential for a rebound in the afternoon session [7][9] - A technical rebound is anticipated in the afternoon to repair the 60-minute trend, although it will not reverse the overall downward trend [9] Investment Strategy - Investors are advised to be cautious of exaggerated rebounds, particularly if the index rises to the 3,380-3,400 point range, as this could indicate a false signal for further declines [8] - The 3,400 point level is identified as a significant resistance point, and without substantial volume surpassing this level, it may be viewed as a bull trap [10]