2026-01-08 09:29:53

There are a few signals to pay attention to before the market opens.

First, let's talk about CITIC Securities' action at the end of yesterday—an 1.45 billion large order to suppress the price appeared, which occurred after the Shanghai Composite Index had fourteen consecutive bullish days. This is clearly a "braking" signal. Want the market to continue rising? First, cool down.

Focus on the range between 876 and 908 for the brokerage sector. After this round of adjustment, theoretically, wave 3 and wave 2 are almost completed. Although not "earth-shattering," it’s still an acceptable level. When approaching the 908 point resistance, it’s easy to pull back, so be cautious of a second test of the support. The key supports below are at 881 and 861 points; these levels must be well defended.

Regarding the "fifteen consecutive bullish days"—there is still a probability, but a new large bullish breakout? Honestly, this possibility is decreasing. But on the other hand, after a streak of record-breaking gains, a "good correction" is inevitable. After a pullback and recharging, the market might surge even higher. The Shanghai Composite Index’s first-quarter target remains at 4277 points; this judgment has not changed.

Today, focus on the 881 and 888 levels. If the 888 point can hold, there’s a high chance of a rebound and closing positive today. If it drops to 881, be prepared for a second bottom test.

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AirdropBuffet

· 01-11 07:27

1.45 billion in sell pressure? Looks like the main players are also panicking. This retracement was indeed expected. If 888 can't hold, then let's wait and see the second bottom. Fifteen consecutive bullish days? Dream on, let's build up strength first. Keep a close eye on this 881 hurdle, or it's all for nothing. The 4277 target is still there, I don't believe you.

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MoneyBurner

· 01-10 12:33

1.45 billion pressure? This is the farmers saying "slow down." After fourteen consecutive bullish days, I knew a shakeout was coming. If we can't hold 888, we have to run. Is 881 the bottom line? Really? I don't believe it. 4277? Let's first secure 881 before talking about anything else, haha.

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AirdropATM

· 01-09 10:06

1.45 billion in pressure is really intense, are they afraid it will rise too quickly? 888 must hold steady, or else they'll have to go through another round of turbulence.

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CoconutWaterBoy

· 01-08 09:59

Damn, if the key level at 888 can't hold, are we going to retest the lows? Can we stop messing around with this wave...

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StakeTillRetire

· 01-08 09:53

14.5 billion pressure indicates that the main force is stepping on the brakes. This signal should not be ignored. Today, the two thresholds at 888 and 881 must be watched carefully. If they can't hold, prepare for a beating. Is the probability of fifteen consecutive positive days decreasing? Then I need to adjust my thinking. Pulling back to accumulate strength seems to be the right move. Fourteen consecutive bullish candles were forcibly suppressed. This correction will come sooner or later. Instead of chasing the rise, it's better to wait for a pullback. How to break through the 908 threshold, this is crucial. If it drops to 881, be prepared for a secondary bottom test. Anyway, I am ready. Is the 4277 target still valid? I believe so, but how long will this correction last? If the 881 point can't be held, today might be a total waste. If the 888 point can hold today, there will be a rebound. Otherwise, it will continue to test the bottom. This kind of correction is actually quite normal. After a big surge, a pause is necessary to gather strength for a higher push.

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MEVictim

· 01-08 09:49

14.5 billion in sell pressure, really cooling down the market. After fourteen consecutive bullish days, this move is quite aggressive. The 881 and 888 levels need to be watched closely. It feels like today’s key is whether these levels can hold. But honestly, after the correction, it’s actually pushing higher? I’m starting to believe in this logic a bit. If 888 doesn’t hold, a second bottom could really happen, and this market is a bit exciting.

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Layer2Observer

· 01-08 09:46

Interesting discovery—14.5 billion in pressure is quite a move, definitely with a tug-of-war feel. If 888 can't hold, then the defense line at 881 must be firmly reinforced; otherwise, the rhythm of a second bottoming will be quite awkward. To put it simply, a continuous rise of fourteen bullish candles followed by a correction is a normal physiological reaction. From an engineering perspective, it's actually a process of storing potential energy.

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