After several consecutive trading days of gains, the market still closed higher today. The short-term bullish pattern formed by seven small positive candles is well within expectations. But the question is—will the market continue to rise tomorrow?

The answer may disappoint the bullish crowd. Based on the current momentum, it is highly likely that tomorrow will see a pullback or a consolidation with some shakeout, probably forming a doji with a long upper shadow.

Why do we make this judgment? The reasons are actually quite simple:

First, after continuous rises, there is indeed a need to shake out some short-term profit-taking. Around the 3960 level, a considerable amount of profit has already been accumulated, and those looking to sell will definitely do so. Second, there are also a number of trapped positions near 3960, and the market needs to use oscillations to gradually release this pressure. Furthermore, a shakeout can actually be beneficial for the subsequent rally—by clearing out impulsive follow-up traders, it helps to build momentum for a genuine upward move.

Therefore, even if there is a pullback or a sharp rise followed by a dip tomorrow, there’s no need to panic excessively. Stay patient, and next week’s target remains around 4034 points. The upward logic of this wave has not been broken; the shakeout is just a necessary part of the process.