2025-12-24 13:28:40

The Shanghai Composite Index showed a pattern of a high open with reduced volume and a steady rise today, closing at 3940.95, successfully stabilizing above the 60-day moving average again. This level is very critical — we have broken through the dense trading zone of 3930-3940 and entered the range of 3930-3980.

From the data perspective, the total market turnover was 1.8803 trillion yuan, shrinking by 19.6 billion compared to the previous trading day, indicating that participation is not very high. Interestingly, the net inflow of main funds reached 5.335 billion yuan, and the margin financing and securities lending balance increased to 2,531.563 billion yuan, up by 14.923 billion yuan from the previous day. This suggests that although retail investors are cautious, the main players are quietly positioning.

Technical analysis provides further insights. Observing the 30-minute chart, there were three K-line candles today with lower shadows, each pulled back, indicating that the main forces have no interest in heading downward. The only long upper shadow appeared during a volume contraction period, suggesting that while there is selling pressure above, it is not fatal. The fact that new highs are being made on declining volume is quite intriguing.

What’s next? Tomorrow, after a push higher, we need to observe the selling pressure. If the selling pressure is too strong and a pullback occurs, whether the 3930 level can hold is crucial — holding it means the upward trend continues; if not, caution is needed. But in terms of volume quality, the current state appears quite healthy.

The logic before the end of the year might seem counterintuitive. Everyone is worried about tight liquidity, but the main forces might be going against the grain. From a technical perspective, there are still higher points waiting ahead, and the current volume is gradually being released while the index moves upward, which is the healthiest trend. The layout for year-end and spring market opportunities might come earlier than expected.

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GmGmNoGn

· 5h ago

The main players are quietly positioning themselves, while retail investors are still hesitating. The gap is indeed significant.

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OfflineValidator

· 5h ago

The main players are quietly positioning themselves, while retail investors are still worried about liquidity. This contrast is quite interesting.

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fren.eth

· 5h ago

The pattern of shrinking volume and opening high, is the main force again laying in wait? Retail investors are still hesitating, while they have already quietly positioned themselves. Main force net inflow of 5.3 billion, margin trading increasing positions again, this is like playing chess. If 3930 can't hold, it's over. This level is too critical. Shrinking volume to new highs, what does it indicate? Big players are absorbing the chips. Tight liquidity actually presents an opportunity? Even if you get it wrong, you can still make money? Volume and price rising together, this is indeed different. Still hard to believe there can be a turnaround by the end of the year. Tomorrow, expect a push to high levels with selling pressure, it seems there will still be some turbulence. What is the main force waiting for? Three consecutive lower shadows pulled back, this tactic is a bit ruthless.

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AlgoAlchemist

· 5h ago

The move of shrinking volume to reach a new high is quite sneaky, the main force is really quietly accumulating chips. Can the 3930 level hold? Let's see how it plays out tomorrow. Retail investors are still worried, but the main force has already started to layout. Is it true or false? The volume is so healthy that it’s a bit scary... Be cautious of traps. Wait, you said the year-end market might come earlier than expected? Is there still a chance to get on now? I usually question when there's a surge to a high with shrinking volume. The main force's net inflow is over fifty billion. Is this really to support the market or are they setting a trap again? Looking at the technical aspect, it’s quite interesting, but I always feel something’s off. Starting to layout the spring market now? That’s quite bold. Can the 3980 line be broken? If it breaks, it’s going to be lively.

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