The Shanghai Composite Index failed to break through the 3600 point mark again. How long will the consolidation continue?

The market opened higher in the morning but fell back, with the three major indexes showing mixed movements. Individual stocks saw more declines than gains, with over 3000 stocks in Shanghai, Shenzhen, and Beijing markets trading in the red. The total turnover in the morning session was 1.14 trillion RMB. Xing Xing, the director of the Bo Xing Securities Research Institute, mentioned that the market has entered a period of intense trading and may continue to fluctuate. Wang Zhangliang, fund manager at Shenzhen Qianhai Rongyue Asset Management Co., Ltd., stated that the index may continue to fluctuate in the short term, with a focus on the 5-day moving average support. Xiang Jian from Guo Cheng Investment Advisory believes that the market is expected to fluctuate for about 1-2 weeks.