What index should we look at tomorrow? Definitely not the broad market, as it has no value to observe. Although it has risen for five consecutive days, it holds no reference value. Instead of watching the broad market, we should focus on the ChiNext! This is what we refer to when we say that at what time we should look at which index. A few days ago, we mentioned that the ChiNext should be pulled around the ten-day moving average. Today, it has just hit a short-term peak, so the ChiNext is likely to decline in the coming days! If we infer the entire A-share market from the ChiNext, then the entire A-share market should see two bearish candles. Today, one has formed, so tomorrow there should be another one (even a false bullish candle counts)! Given the current fragmented market conditions, if we purely analyze the trend of the entire A-share market to determine the profitability effect, it seems somewhat frivolous. Therefore, at this moment, we also need to consider the sentiment! Today, the panic caused by the adjustment of popular sectors has led to a lack of enthusiasm among short-term funds. Short-term trading is commonly referred to as 'Little Deng' because they are liquid chips. Only when they are willing to continuously absorb can a good profitability effect be created. However, you see, many short-term funds have been deeply trapped today, likely losing more than ten points! This leads to the situation where, once there is any repair tomorrow, they will panic and flee, causing a situation of multiple liquidations! Therefore, we can infer that the profitability effect tomorrow will not be good! For medium-term traders, we refer to them as 'Old Deng' because they are tough and resilient. Since they can withstand pressure, I think we can bear with it a little longer!