The market experienced another wave of decline, with the ChiNext 50 performing the worst, once dropping over 2% and even breaking through the extreme convergence resonance zone of the 5-minute four-season cycle indicator. In contrast, the Shanghai Composite Index performed steadily and was the only major index that did not break below the key 5-minute level.

That said, even the weakest ChiNext 50 found support at its 30-minute indicator's low point, and the upward trend has not been truly broken. From this perspective, the short-term trend remains more bullish.

The conclusion is that the Shanghai Composite Index continues to fluctuate and rise, and the pattern remains unchanged. But be cautious—don't rush in during a surge, as it's easy to jump in prematurely. For trading, it is recommended to be more cautious and avoid blindly chasing highs.