At the midday close, I took a look at the sector. The brokerage stocks didn't fall much, only 0.03%. But the market pattern is still the same old story—rising and then falling back, not really wanting to move higher. Fortunately, it’s still holding the 10-day moving average without breaking.

There are two things worth pondering in this current situation.

First is when the adjustment can be completed. This directly determines how high the subsequent rebound can go. If the consolidation continues, the decline could also expand. In simple terms, it depends on when this round of consolidation will come to an end.

Second, the recent fluctuation range is getting narrower. It’s facing pressure from the 60-day moving average (around 863) above and supported by the 20-day moving average (around 851) below, leaving very little space. Under these circumstances, a choice will eventually have to be made—either a breakout upward or a breakdown downward.

I think this is a "pre-breakout shakeout." If the 20-day moving average can hold and provide enough support, the next rebound could very well be the final breakout opportunity. That’s why it’s crucial to keep a close eye on this line—if it can hold, there’s still hope ahead.