A-shares have reached the least dangerous time, everyone should know what they want

[Retail investors talk about stocks]

Today is June 9, 2025, A-shares rose again, the Shanghai Composite Index rose 0.43%, reaching 3399 points, approaching the 3400 point mark again, and approaching the previous high. Will it break through tomorrow? I don't think so. The reason is: Since October 2024, the Shanghai Composite Index has never broken through the previous high, and each high has stopped below the last high, but the low point of each drop is lower than the previous low. This is a "historical law", so I think this time is no exception and will not break through the previous high.

Today, the Shenzhen Component Index rose 0.65%, the ChiNext Index rose 1.07%, the Science and Technology Innovation 50 rose 0.6%, the Shanghai Composite Index 50 fell 0.08%, and the Shenzhen Composite Index 50 rose 0.37%. From this perspective, there are still differences in major indexes. It is worth mentioning that today's average stock price rose by 1.02%, which is closer to breaking through the previous high.

Average stock price daily K-line chart

Let’s make an assumption that if the Shanghai Stock Exchange breaks through the previous high tomorrow or the day after tomorrow, will the market have stabilized and rebounded? I'm afraid not, because except for the Shanghai Composite Index and the CSI 1000, other indexes are unlikely to break through the previous high in the short term, and there are huge differences here. There are differences in the index at the high level, and the trading volume is sluggish below the pressure level. It is difficult to say that the market is stable, and the risk of a decline has always been there.

Today's turnover of the two markets was 1.29 trillion yuan, which is still at a very low level. However, the volume increased by more than 130 billion yuan today, which seems good, but it just seems, don't take it too seriously.

Today, the net inflow of major funds for major orders was 4.241 billion yuan. This amount is very small and has no reference value. Generally speaking, the net outflow will be immediately 100 billion yuan the next day, and it is normal to respond.

To sum up, my view is as low-key as ever and is not optimistic at all. Everyone must beware of the dive that comes at any time, which may catch you off guard.