Central Plains Driver Report Nasdaq & Mothers No.033 August 10, 2021

1. Points

＜Nasdaq＞
1. Medium- to long-term outlook (March 2021 is the bottom of a 13-month cycle. It may rise toward year-end, though the year of “1” also allows for a range-bound market)

From February 2016, a long-term cycle starts. The high target is June 2021 ±1 year, price 12,174 (9,481–17,404). A clear top has not yet been confirmed. March 2021 is a 13-month cycle bottom. If bullish, the rise would occur from September 2021 to February 2022, overlapping with the high-price time window in the Synthetic (synthetic) cycle. However, due to the characteristic of the year “1,” a range-bound market could remain possible.

＜Tokyo Stock Exchange Mothers＞
1. Medium- to long-term outlook (is the 15.3-month cycle bottom completed?)

From April 2020, a new 46-month cycle begins. The average ascent period for a 46-month cycle is 24 ± 4 months (19–28 months). Bullish until April 2022 (covering Jan–Aug 2022). The 15.3-month cycle is the earliest at May 17. However, July onward (to around September) remains within the acceptable range.