Three signals to watch before the market opens:

**Trading volume surges, but how long can it last?**
Yesterday, the A-share market's trading volume broke through 2.8 trillion yuan, nearly 800 billion more than before New Year's Day, doubling the previous "low volume" of 1.6 trillion. It looks like a good sign of off-market funds rushing in, but whether this volume can be sustained is uncertain. Frankly, if the volume can't keep up, significant market fluctuations are just around the corner.

**Hidden risks behind thirteen consecutive positive days**
The Shanghai Composite Index has risen for thirteen days in a row, with signs of a short squeeze. While many are waiting for fourteen consecutive positive days and further soaring, it's important to stay calm and ask—what exactly is our idea of a "slow bull"? Extremes often lead to reversals, which is especially true in investing. Sometimes, the hottest market moments are the riskiest.

**Brokerage sector's critical threshold**
This is the most crucial point. The brokerage sector is approaching the strong resistance level at 908 points. Whether it can break through will determine the subsequent pace. If it breaks easily, the rebound space opens up; if it struggles or can't break through at all, a second retest is inevitable. The hotter the market, the more intense the invisible hand's new moves.

**Final words:**
When everyone is intoxicated, you must stay sober. There will definitely be opportunities in A-shares in 2026, but the chances of a crazy surge are slim. Missing the New Year's red envelope isn't a big deal; carefully catching potential secondary pullbacks is actually more prudent. For brokerages, wave 3 of the correction has already ended, and the temptation of wave 3 of 3 is ahead. But in the short term, there will be repeated fluctuations before strong resistance—this is the real picture of the current market.