Last week, the market initially surged strongly and then entered a high-level consolidation. After the US market opened, it accelerated again. Tuesday's performance is particularly noteworthy—long periods of sideways movement during the day, followed by a decline in the afternoon, a rebound in the evening breaking through previous highs, but ultimately failing to break through effectively. Then came the typical rapid up-and-down sweep pattern, which often indicates that a major trend is about to unfold.

As expected, the US market experienced a significant correction of 3000 points on Tuesday. Early Wednesday morning, a bullish candle surged 2500 points to hedge this decline, marking the first real correction since the five-day rally at the beginning of January. However, this adjustment is far from complete, and the market will continue to bottom out.

During Wednesday daytime, the market continued its slow downward trend, gradually eroding the gains through time and space. Each small fluctuation is accumulating adjustment momentum. Personally, I believe Thursday will mainly see sideways decline, with the US session possibly testing the 90,000 level. Once the major non-farm payroll data is released on Friday, there is a high probability that the market will leverage this to complete the correction. After the correction concludes, the second wave of a major rally is just around the corner.