Huaxi Securities: If the market continues to rise and the implied volatility slowly falls back, the pace of the market's rise may slow down.

Huaxi Securities pointed out that the market trading volume is shrinking and the implied volatility of the market is significantly converging. Looking ahead, if the market continues to rise, and the implied volatility quickly increases, attention should be paid to avoiding adjustment risks caused by the rapid rise in speculative heat; if the implied volatility slowly falls, it means that the market's upward momentum may slow down, maintaining the state of July. In the case of a market downturn, if the implied volatility quickly rises, it means that pessimism is spreading rapidly, and at this time, one can try to play the stable market expectation or stable market funds to drive the recovery market when the market stabilizes; if the implied volatility slowly falls, it indicates that the market may "falling in the dark", and the timing of entry needs to be observed.