The market is rebounding, but it’s not time to go fully bullish just yet. For A-shares, the most important signal isn’t whether the index rises or falls, but rather that yesterday, after the Shanghai Composite dipped to 3741, it was quickly pulled back by funds, while the Shenzhen Component still closed down 0.71%. This shows: some people are starting to bottom-fish, but the funds haven’t reached a consensus yet. Tonight, for U.S. stocks, I’m paying more attention to Micron and semiconductors. If Micron, after yesterday’s gap-up and pullback, can retest without making a new low today + SOX continues to strengthen, I’ll take it as the first real bottoming signal for AI storage. My strategy: For A-shares, I’m not chasing the index, waiting for tech to show volume; for U.S. stocks, I’m not chasing gap-ups, waiting for Micron’s second confirmation. The real opportunity isn’t the market’s first rebound, but the second time it tries to fall and finds it can’t drop anymore.