Year-end sprint, the market closed with a positive candle again. The eleven consecutive days of gains have come to an end, and unfortunately, it still didn't reach the 4000-point mark. However, from a technical perspective, there are some interesting signs—the daily chart has stabilized above the 60-day moving average, and the weekly chart has even formed a golden pit pattern. This kind of rhythm suggests that there is a high probability of an inertial upward push after the holiday.

To be honest, there is no major problem with the index itself at the moment. When should you be nervous? Only when the daily MACD forms a death cross and breaks below the 60-day moving average. For now, it's just a switch between high and low positions, with no fatal signals.

This year, the market has risen by 18%. If your return rate is around this number, it indicates that your operations are relatively normal. Conversely, the CSI 1000 has increased by 27%, and the ChiNext has surged by 49%. If you are experiencing losses, it's not the market's problem; it must be a mistake in your trading strategy.

The resistance level for the annual line is at 4638 points. Hopefully, we can see it in 2026. No matter how your account performs at the end of this year, remember one thing: the wheel of fortune turns. This is an iron law. There are no stocks that only go up without falling, and no market that is smooth sailing all the way. When it should fall, it will fall; when it should rise, it will rise. This is the rhythm of the market.