The A-shares suddenly surged, is it a rebound or a reversal? The Shanghai Composite Index experienced fluctuations today, and shortly after noon, it surged straight up, closing up 1.19%. The Shenzhen Component Index rose by 2.4%, and the ChiNext Index increased by 3.39%. All three major indices closed in the red, with 3,626 stocks rising and 1,635 stocks falling, indicating more gains than losses, and some individual stocks showing signs of warming up.

Although the market welcomed a counterattack today, it has not yet reversed based on two factors. First, the trading volume has not significantly increased; today’s transaction volume was 18,343 billion yuan, which is a slight increase compared to the previous trading day but still has not reached the 20 trillion level, indicating that new incremental funds have not entered the market. Second, today’s rise occurred after several days of continuous fluctuations and adjustments, and the market has not formed a new upward trend, with multiple moving averages above the index acting as resistance.

Therefore, today’s rise can be seen as a rebound after a short-term continuous decline. This morning, the number of stocks that fell reached nearly 4,000, but most stocks reversed to close in the red in the afternoon, indicating that many stocks have been oversold in the short term, with funds entering the market to buy. Today's leader was the ChiNext, and the market's risk appetite has somewhat increased. However, the performance of various indices is not synchronized; it is expected that after a rebound, the market will still experience fluctuations. Only after confirming the support of the six-month line can a true bottom be established.