10.9：开门红，A股站上3900点，周五能否继续走强？

Market Overview - On the first trading day after the holiday, major A-share indices continued to rise, with varying degrees of increase. The market showed a clear divergence, with 99 stocks hitting the daily limit up and 24 stocks limit down. Strong sectors included non-ferrous metals, nuclear fusion, and superconductors, while accommodation and catering, as well as film and animation sectors, lagged behind [1]. Index Analysis Shanghai Composite Index - The Shanghai Composite Index rose by over 1%, forming a bullish candlestick pattern with increased trading volume, indicating a healthy volume-price relationship. Recent fluctuations have created a medium-sized central structure on the daily chart, corresponding to a monthly pullback. The current bullish candlestick signifies an effective structural breakout, suggesting the end of a medium-term adjustment and the beginning of a new upward wave. However, typically after a structural breakout, a pullback is expected. The recent upward trend has completed three effective cycles, with the fourth cycle being a potential turning point, indicating a high probability of adjustment in the short term [4]. Sci-Tech Innovation 50 Index - The Sci-Tech Innovation 50 Index has also experienced five effective upward cycles, reaching a turning point. The day's candlestick showed a significant gap up but closed with a long upper shadow, signaling a clear adjustment signal. Therefore, it is likely that the index will undergo a correction on Friday. The index is near historical highs, facing substantial resistance. On the hourly chart, the recent trend has completed nine effective adjustment cycles, with the first hour of trading on the following day being a potential turning point, suggesting a likely pullback followed by stabilization [5]. Summary - The current A-share market is characterized by structural trends in individual stocks as long as the overall market does not experience a significant decline. Successful trend trading is essential for achieving stable wave profits. By analyzing candlesticks, patterns, and central structures, it is possible to accurately grasp price fluctuations. Pullbacks following structural breakouts serve as entry points for gradual investments. The A-share market is challenging, and caution is advised [7].