Market Overview - The market is currently experiencing narrow fluctuations, with unclear direction, and may oscillate between the five-day and ten-day moving averages in the short term [1] - Investors are advised to set stop-loss or take-profit levels, and if the market breaks below the five-day and ten-day moving averages, support may shift to the twenty-day moving average, prompting potential position reduction [1] Market Performance - In the morning session, there were 2,831 stocks rising and 2,186 stocks falling, indicating a slight edge for the bulls, but the advantage is not significant [1] - Trading volume has increased notably, with an estimated total volume reaching around 2.2 trillion, based on morning trading volume projections of approximately 300 billion [1] - Despite the increase in volume, overall market performance remains unsatisfactory, with a significant rise in the number of stocks falling over 5%, exceeding 120 in the morning session, indicating growing selling pressure [1] Futures Analysis - From the perspective of stock index futures, the five-minute chart of the CSI 1000 shows a descending triangle, and attention should be paid to whether the lower boundary can hold [2] - If the lower boundary fails, the CSI 1000 index may enter an adjustment phase in the short term [2] - The five-minute chart of the CSI 300 is currently in a triangular formation without a clear direction, but the increasing number of stocks falling over 5% suggests a potential breach of current price levels [2] - The five-minute futures chart of the SSE 50 shows a bearish outlook, with a significant downward break below moving averages, indicating a likely need for a pullback [2] Technical Indicators - The market is approaching the five-day and ten-day moving averages, and if there is a corresponding decline in large-cap stocks, it may breach these averages [2] - Investors are advised to closely monitor the support levels of the moving averages, as a breach could lead to a return to a wide-ranging fluctuation pattern [2]