Central Plains Shun Report No.153 May 23, 2022

1. Points

1. Medium- to long-term outlook (declining toward a 24-month cycle bottom from March 2020) No change

4-year cycle and 12-year cycle began in March 2020. The first 4-year cycle is a combination of two 24-month cycles and three 15.5-month cycles. Since the February 24 low was broken, the 24-month cycle has not yet formed a bottom. However, this cycle spans from March 2022 ± 4 months, i.e., up to July at most, so a bottom could occur at any time.

1. Medium- to long-term outlook (the 24-month cycle bottoms out. Expect a rise toward at least June to October) No change

The 24-month cycle bottomed on March 9. Time and price targets have been reached (time within March ± 3 months, price at or below 25,280). The first PC of the second 24-month cycle is bullish. Ideally, if Japanese stocks do not make a new low and U.S. stocks do make a new low and reverse, this would complete a bullish divergence. Conversely, if new lows are made later, it would form a bearish convergence and be risky.

Please refer to the PDF file for the continuation.