速看！A股放量调整，牛途遇阻？明日反弹在望？原因曝光

Core Viewpoint - The A-share market experienced a significant decline, with major indices dropping sharply, indicating a volatile trading environment and a potential need for market correction [1][3]. Market Performance - The Shanghai Composite Index fell by 0.73%, the Shenzhen Component Index dropped by 1.16%, and the ChiNext Index decreased by 1.84% [1]. - Over 4,100 stocks closed in the red, with a trading volume of 2.46 trillion, an increase of over 170 billion compared to the previous day [1]. Reasons for Decline - The first reason for the decline is the exhaustion of the positive impact from the Federal Reserve's interest rate cut, which led to a downturn in U.S. markets, negatively affecting A-shares [3]. - The second reason is the realization of previously anticipated policy benefits, prompting short-term investors to take profits [3]. - The third reason is the need for a market correction after a seven-day consecutive rise in the Shanghai Composite Index, leading to increased selling pressure [3]. Market Outlook - The current decline is viewed as a short-term fluctuation rather than the end of a bull market, with the medium-term upward trend expected to continue [5]. - Key support levels to watch are around 3963 points and 3936 points, which are critical for potential market stabilization and future buying opportunities [5]. - The overall valuation of A-shares around 4000 points is considered reasonable compared to last year's average of 3800 points, although some sectors, like AI, show signs of overvaluation [5]. Investment Strategy - Investors are advised to remain calm during market fluctuations, buying during dips and selling during peaks to ensure long-term survival in the market [7].