Market Overview - The A-share market showed controlled volatility today, with the index dipping to 3807 points before a quick recovery, indicating a clear intention to defend the 3800-point level [1] - Securities firms, particularly CITIC Securities, played a significant role in stabilizing the index, with a notable increase of 2% after 10 AM [1] - The trading range was narrow, with a maximum of 3827 points and a minimum of 3807 points, reflecting both regulatory intentions and technical factors [1] Market Sentiment - The market has lacked direction since last Friday, with both upward and downward movements appearing less decisive, leading to a state of uncertainty among investors [4] - There is a noticeable hesitance in bullish sentiment, as the previous high of 3899.96 points looms large, while selling pressure seems to emerge around the 3800-point mark [4] Anticipation of Policy Changes - The current market balance is perceived as temporary, with investors awaiting the outcome of a significant news conference scheduled for later today, which could influence market direction [5] - Historical context suggests that the previous year's news conference led to a substantial market rally, raising expectations for a similar outcome this time [5] - Despite the anticipation, there is a heightened caution among investors, as evidenced by the lack of significant upward movement in the morning session [5]