Central Plain Shun Report (Dow Jones Industrial Average / Nikkei 225) No.157 June 20, 2022

・Points

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

The 4-year cycle and 12-year cycle started in March 2020. The first 4-year cycle is a combination pattern of two 24-month cycles and three 15.5-month cycles. Because the (Feb 24) low was surpassed, the 24-month cycle has not yet formed a bottom. However, this cycle could bottom by July at the latest (March 2022 ± 4 months), so it could bottom at any time, but even if it retraces afterward

the 15.5-month cycle is likely to descend.

・Points

Medium- to long-term outlook (the 24-month cycle bottoms. Starts rising at least from June to October) No change

The 24-month cycle bottoms on March 9. Time and price targets are achieved (time within March ± 3 months, price at or below 25,280). The first P.C of the second 24-month cycle is bullish. Ideally, if Japanese stocks do not make new lows and U.S. stocks do make new lows and reverse, bullish divergence will be completed. Conversely, if new lows are taken later, it becomes a bearish convergence and a dangerous situation.

Please refer to the PDF file for the continuation.

＊ Unauthorized copying or distribution of our reports constitutes a breach of contract. If such breach is detected, legal action may be taken, so please be aware. Even during the subscription period, distribution may be terminated. Thank you for your understanding.

＊ This report does not guarantee the accuracy of future outlooks or profitability. Traders and readers should trade at their own risk. The author and publisher bear no responsibility for the decisions of any market participants. Regardless of the asset, physical, futures, and options trading are considered high risk.

＊ This report is provided for informational purposes only and does not constitute buy/sell recommendations.