和讯投顾徐梦婧：12月会有一些宽松信号释放，不会有级别很大的回调

Core Viewpoint - The Shanghai Composite Index is currently fluctuating around 3900 points with a trading volume increase of approximately 200 billion, indicating that the main funds are still in the accumulation phase rather than the rally phase [1] Market Analysis - The market is in the fourth wave of adjustment, and it is crucial to break the 3927 gap rather than just maintaining above 3900 points [1] - If the index can surpass 3927 in the next two days, it may prevent a fifth wave of pullback; otherwise, a fifth wave correction is likely to occur [1] Outlook for December - There is no need to be overly pessimistic about December, as signals of easing from both the Federal Reserve and domestic sources are expected [1] - Even if a fifth wave pullback occurs, it is not anticipated to be significant in scale [1]