There are several key events densely marked on the calendar over these two weeks—if you’re not careful, you might step into a pitfall.

First, the schedule: The Fed is holding a meeting on December 9-10 to set the tone, followed immediately by China’s Central Economic Work Conference on the 11th-12th. To make things even trickier, the Bank of Japan is jumping in on the 18th-19th, plus those settlement days at the end of the month—19th, 24th, and 30th. Seasoned traders know just how intense those days can be.

Last week’s market looked lively, with gaps left open but no clear breakout—in short, the attitude was ambiguous. Historical experience tells us that before a real bull run, the securities sector needs to rally for at least two or three consecutive days. So, don’t rush to jump in just yet. The key is to watch tomorrow: Will trading volume pick up? Will the securities sector keep rising? Can the gap be cleanly and decisively broken through? If all these conditions are met, it won’t be too late to enter the market—you won’t miss out on any of the gains.

But if volume shrinks tomorrow and the market turns down as soon as it touches the gap? Then you need to be even more patient. From a cyclical perspective, this round of adjustment hasn’t lasted long enough. Plus, with all those meetings stacked up next week, big money is waiting on the sidelines for clear signals—no one dares to act rashly.

In short, the current news environment is highly volatile—anything can happen. Those who really know how to play don’t place bets in advance; adapting to developments as they come is the way to win. Whatever face the market shows, that’s how you respond.