After hitting a low point in the early trading session today, A-shares began to rebound, but the strength of the recovery is honestly worrying—the number of stocks returning to gains should normally reach 2,500+ for a proper rebound, but the current pace is clearly lagging.

On the board, robotics and commercial aerospace are leading the gains, but the commercial aerospace sector seems a bit weak, dropping after an initial surge. The Fujian sector is quite interesting, with the trailing stocks showing strong performance, but the leading ones still can’t take off.

This afternoon, we’ll need to see if any new themes emerge. The most important thing right now is to prevent panic from spreading further; trying to pull up the index on low volume basically won’t work. The robotics sector is showing obvious linkage to the US market, and the AI segment is starting to look like a bull trap.

The main focus should remain on two data points: the number of stocks hitting limit down and changes in trading volume. Other technical indicators can be set aside for now.