At the beginning of this week, the ChiNext Index is expected to break through the 3000-point barrier, a significant milestone that reflects positive market sentiment. Looking back over the past few months, we can observe several positive signals: in June, the Shanghai Composite Index experienced a golden cross pattern of the May line and the October line, and in August, the Shenzhen Index and the ChiNext Index showed similar trends. Currently, all ten major indices exhibit the golden cross pattern of the May line and the October line. Does this mean that a bull run has arrived?

Although there is still some debate about the definition of a bull run, the current market performance is undoubtedly encouraging. Some analysts believe that a breakthrough of the trend line or 4000 points would truly signify a bull run, but this viewpoint may be too conservative, missing the upward opportunity that started from 2635 points.

Looking back at the first week of September, although the Shanghai Composite Index and Shenzhen Component Index experienced slight declines, the ChiNext Index still maintained its upward momentum. The Shanghai Index fluctuated throughout the week and ultimately closed at 3812 points. Looking ahead to next week, the market faces several favorable factors, including fund fee reductions, the possibility of interest rate cuts in the United States, and foreign capital inflows. These factors collectively suggest that the market is unlikely to see significant adjustments; even if there are minor pullbacks, they may attract bargain-hunting funds to enter the market.

Despite opinions suggesting that the index may fall back to 3600 points or even 3500 points, in the absence of significant negative factors, 3700 points should be a solid support level. Therefore, it is expected that the market will continue to rise in the second week of September, with the Shanghai Composite Index likely to break through 3888 points to reach a new high. The Shenzhen Index may soon break through the 12857-point high and even challenge the 13000-point mark.

Overall, the current market shows strong upward momentum, and the performance of major indices is releasing positive signals. Investors should closely monitor market trends, seize investment opportunities wisely, and also pay attention to risk management while maintaining a rational investment approach.