紧急提醒：A股上午缩量下跌，下午能否反弹就看它了

Core Insights - The market is experiencing a broad decline, with all major indices in the red and a significant drop in trading volume, indicating a "volume contraction adjustment" [1][3] - Despite the overall downturn, certain sectors like the Fujian board and commercial aerospace are showing resilience, suggesting a structural differentiation in market activity [3][6] - A key technical signal has emerged with the formation of a golden cross between the 5-day and 10-day moving averages, which could indicate a potential short-term trend reversal [5][6] Market Overview - The three major indices have collectively declined, with the ChiNext index dropping nearly 1%, and total market turnover at 1.05 trillion, a noticeable decrease from the previous trading day [1] - Approximately 3,700 stocks in the market are down, with battery and non-ferrous metal sectors being the main laggards [1] Technical Analysis - The golden cross formed by the 5-day and 10-day moving averages is a significant short-term trend signal, suggesting that the average cost in the market is rising, indicating initial signs of warming [5][6] - The position of this golden cross will serve as a critical support level for the market, determining short-term sentiment and potential for a rebound [6][9] Investment Strategy - In a volatile market, it is crucial to avoid chasing hot stocks impulsively or panic selling due to portfolio adjustments, as these actions can lead to unfavorable outcomes [7][9] - A focus on the relationship between the index and the newly formed golden cross support will guide investment decisions, maintaining patience if the index holds above this level [9][10]