On Tuesday, the A-share market showed a rebound and pullback trend again. In the morning, the index relied on the lithium battery sector (driven by a surge in lithium carbonate futures) for a strong rise, once hitting the resistance zone, with support from sub-sectors like fiberglass and lithography machines; however, selling pressure significantly increased in the afternoon, leading to fluctuations and a weakening index, while the market stabilized slightly at the end of the day. Recent strong themes like commercial aerospace and department food saw intensified divergence, while sectors like tourism and real estate fell into adjustment. From the market structure, the transaction volume in the two markets remained stable at 1.9 trillion yuan, and the three major indices closed in the red, but individual stocks showed a pattern of 'making index but not making money,' with nearly seventy percent of stocks in the red.

Reviewing the recent market, since the index started to warm up from fluctuations, it has continuously approached the resistance zone. Tuesday's rebound and pullback is a normal technical digestion. Currently, the rhythm of capital repositioning and stock switching has significantly accelerated, which is not only a proactive response to the selling pressure above but also a signal for laying out the spring market. It is worth noting that the risk of strong sectors experiencing a pullback is rising. This is not a sign of market weakness but an inevitable process of capital switching between high and low — under the current competitive landscape, capital is retreating from varieties with excessive short-term gains, turning towards directions with relatively superior valuation and positioning, which may instead open up new space for subsequent market trends.