技术看市：A股探底回升，B浪横盘越长危险越大，短线观望再观望

Market Overview - The A-share market continued to consolidate with reduced trading volume, as major indices showed a rebound after hitting lows. The Shanghai Composite Index fell by 0.23% to 3900.5 points, while the Shenzhen Component Index rose by 0.29%. The ChiNext Index decreased by 0.02%, the CSI 300 Index fell by 0.14%, and the STAR 50 Index dropped by 0.03%. The North Exchange 50 Index declined by 0.85% [1]. Trading Activity - In the two markets, 2341 stocks rose, 2658 stocks fell, and 172 stocks remained unchanged. The total trading volume was 1.78 trillion yuan, a decrease of approximately 125.448 billion yuan compared to the previous trading day. The net outflow of main capital from the market was 33.568 billion yuan. Sectors such as Hainan Free Trade, silver, real estate, retail, and duty-free concepts saw significant gains [3]. Market Analysis - Analyst Xu Xiaoming noted that most indices formed small star candlesticks with long lower shadows, indicating low short-term volatility. The market has been fluctuating within a narrow range for over ten trading days, making trading operations challenging. The current strategy is to adopt a wait-and-see approach, with patience required until clear and definitive low point signals emerge [3]. Wave Theory Insights - Xu Xiaoming further analyzed that the probability of a C-wave emerging is significant, especially if the B-wave progresses slowly and remains horizontal for an extended period. According to wave theory, the low point of the C-wave must be lower than that of the A-wave, which is difficult to achieve in the short term. Therefore, the main strategy remains to observe the market [4].