和讯投顾李景峰：阴线来了，阳线还会远吗？

Core Viewpoint - The ChiNext index has been moving away from the 5-day moving average for three consecutive days, indicating a potential for a pullback as the market approaches the Federal Reserve's interest rate meeting [1] Market Analysis - The current market conditions suggest that investors are adopting a cautious stance, leading to increased selling pressure as profit-taking occurs and resistance levels are tested [1] - The Hong Kong stock market has already experienced a pullback, attributed to the Federal Reserve's interest rate cut, which has reduced the likelihood of future rate cuts [1] - Major U.S. indices, including the Nasdaq and Dow Jones, have already priced in the interest rate cut, indicating that the market is reacting to the realization of previously anticipated benefits [1] Future Expectations - The market is expected to follow a pattern of strengthening, pulling back, and then strengthening again, with a potential five-wave structure aiming for the upper trend line [1] - After the interest rate cut, the immediate positive effects may be realized, but as the market stabilizes, new opportunities may arise, such as the anticipated spring rally and increased risk appetite from institutional investors [1] - Specific stocks that have shown strong performance but have recently been pulled back may present good buying opportunities during this pullback phase [1]