Last Friday, the A-share market suddenly experienced a massive pullback, catching investors off guard. Green engulfed over 4,500 stocks, with trading volume skyrocketing to an astonishing level of 1.5 trillion. The market was shrouded in a panic atmosphere. The sudden escalation of tensions in the Middle East became the main factor triggering this market turmoil, as the intensifying regional conflict caused investors to quickly turn to safe-haven assets.

However, after a deep analysis of market data, it was found that this adjustment may not be a traditional market collapse, but more like an organized market reshuffle. It is worth noting that the banking sector, which is usually seen as a stabilizer for the market, has unusually led the market decline, exacerbating the unease in the market. In stark contrast, northbound capital has chosen to buy against the market trend, seemingly capturing investment opportunities that ordinary investors have failed to notice.

In this round of adjustment, the Shanghai Composite Index has repeatedly touched the 20-day moving average but has not effectively broken below it. This important support line in technical analysis, although tested multiple times, remains strong, suggesting that there may be stabilizing forces behind the market. Technical analysts point out that holding this moving average is crucial for market confidence; once it is breached, it may trigger a broader adjustment.

It is worth noting that when panic spreads and a wave of selling emerges, institutional investors are intensively building positions in the oil and military sectors, with multiple related stocks hitting the ceiling. These sectors are precisely the areas that benefit from the backdrop of geopolitical conflicts. This phenomenon raises questions in the market: Is there large capital exploiting market panic, creating a selling atmosphere to lure retail investors to offload their chips, while they themselves actively position at low levels, waiting for market sentiment to recover before pushing stock prices higher?

The multiple contradictory signals that have emerged during this market adjustment are indeed testing investors' judgment and psychological resilience, and once again remind us of the importance of maintaining rational thinking amidst market volatility.