10.29：周三午后，A股还有上行

Market Index Analysis - The major A-share indices in Shanghai and Shenzhen continued to rise, aligning with expectations, although the Sci-Tech Innovation 50 Index showed weaker performance. Most stocks declined, indicating low market sentiment [1] - The Shanghai Composite Index and the ChiNext Index were highlighted for further analysis, with a focus on the Shanghai 50 Index first [1] Shanghai 50 Index - The Shanghai 50 Index displayed a K-line with a low opening gap, a long upper shadow, a small body, and a slight lower shadow, signaling a clear stabilization. It has completed five effective cycles of upward movement and reached a turning point, with the adjustment target being the five-day moving average, which was successfully tested [3] - The large structure 1 and small structure 2 have both achieved effective breakthroughs, indicating that the market index is in an upward trend and entering a new wave of increases [3] ChiNext Index - The ChiNext Index showed adjustment signals in the past two trading days, but when viewed collectively, it indicates that the short-term adjustment is complete, making today's rise normal. However, it is approaching previous high points, which may lead to significant selling pressure [6] - The hourly trend indicates that after ten effective upward cycles, it has gradually tested the ten-unit moving average. Despite two hours of continuous highs followed by pullbacks, it remains above the moving average, suggesting potential for upward momentum in the afternoon [6]