In the afternoon opening, the three major indices began to plunge. In fact, multiple warnings had already been issued in the morning, indicating that short-term market selling pressure was accumulating, and timely adjustments were necessary. From a medium-term perspective, the market target points to 4,200 points, but this does not mean that short-term gains will be smooth sailing; adjustments could occur at any time.

Many investors have fallen into a habitual thinking pattern: believing that the continuous upward trend will persist, that breaking through 4,100 points will lead directly to 4,200 or even higher, and that there will be no retracements during the upward trend. However, in the current structural market environment, grasping the rhythm is key. The adjustment magnitude at the index level may be relatively limited, but some sectors and individual stocks could see retracements far exceeding expectations. That’s why proactive market positioning and risk avoidance in advance are essential.

The rise and fall of the index are beyond individual control, but it is still possible to make relatively accurate judgments about market sentiment evolution and the logic of human nature battles. Over the past two trading days, many investors’ mindsets have started to become restless. During continuous rises, they gradually overlook risks and fall into the trap of "rising means buy," which is a normal market phenomenon—during declines, most people are unwilling to heed counter-trend strategies; after big gains, few are willing to face the risks of short-term corrections.

This risk warning may not suit all investors’ trading styles, nor will it necessarily be adopted by everyone. But for most market participants, preparing in advance and adjusting holdings in a timely manner are rational choices at this moment. I have accumulated considerable experience in judging market sentiment turning points and analyzing human nature battles. Even if there are occasional deviations in timing during adjustments, the overall rhythm of market operation will generally not deviate from the expected direction. When opportunities arise, act decisively without hesitation; when risks need to be highlighted, speak frankly.

After all, not all investors can precisely catch the bottom, nor are all willing to bear the risks of short-term volatility. Therefore, everyone can refer to the analysis of market trends and adjust their positions according to their own circumstances.

Regarding today’s market, the judgment of "first decline after a series of positive days" was clearly made yesterday, and was reiterated again during the morning session. It is highly likely that today will see a rebound followed by a pullback, resulting in a volatile correction. Many people see the warning of "first decline" as missing the opportunity, which is truly speechless. This reflects the true nature of market human psychology: when prompted to overcome fear and actively position during a decline, most are still hesitant; now, when reminded to maintain reverence and caution during an upward trend, many fall back into greed.

Ordinary investors often see only the surface that the market wants them to see. Meanwhile, observing the market more deeply involves pre-judging potential changes and studying the human battles behind the stock market. Only by thoroughly understanding greed and fear can one truly grasp the underlying logic of capital battles and stay attuned to market pulses.

There is no need to panic excessively about today’s correction. There is a gap in the 3977-3983 point range below. After the first decline, the short-term market is likely to approach this range to fill the gap. Recently, the index has risen rapidly, and a proper pullback to consolidate will be more conducive to subsequent attempts to reach 4200 points.

Investors confident that the market will not adjust further, if the subsequent correction materializes and stocks broadly decline, hope you can withstand the emotional impact and the pressure of index adjustments. Do not fall into panic selling driven by greed again.

From a medium-term trend perspective, the market’s resilience remains strong, and the depth of correction is unlikely to be significant. The support level of the 60-day moving average has moved up to 3933 points, indicating that the possibility of the index revisiting previous lows is minimal. After filling the lower gap, a stabilization and rebound are highly probable. Even if the market performs somewhat weaker, the 60-day moving average will serve as a strong support level, and deep declines are almost impossible.

This high-level oscillation and correction present a rare entry opportunity for funds that missed earlier. It is a proactive retracement and consolidation during the upward trend, and there is no need to obsess over whether the adjustment will be perfect in one step. Instead, during the correction, gradually deploying on dips and optimizing positions step by step is advisable.

Finally, I emphasize: the above views are for reference only. Specific trading decisions should be made based on your own situation. Clear and rhythmic expression of market opinions stems from a good grasp of your own judgment logic and market rhythm.