Central Plains Shun Report (NY Dow Jones Average / Nikkei Average) No.162 July 25, 2022

・Point

Medium- to long-term outlook (if using the second-phase pattern starting from March 2020, a sharp rise is required) No change

The first 4-year cycle has been viewed as a combination of two 24-month cycles and three 15.5-month cycles, but it is highly likely not to adopt a second-phase pattern. If it is a 24-month cycle, a sharp rise must begin within this month. On the other hand, if only the third-phase pattern is used, there would be no meaningful rebound toward the November bottom of the second 15.5-month cycle, and the downtrend would continue.

・Point

Medium- to long-term outlook (rising phase of the second 24-month cycle. Ideally by year-end, or at least by around September, a rise) No change

The 24-month cycle bottomed on March 9. Time and price targets have been met (time within ±3 months of March, price below 25,280). The first PC of the second 24-month cycle is bullish. If Japanese stocks do not make new lows and US stocks do make new lows and rebound, a bullish divergence is forming. In particular, Nasdaq's clear move upward is encouraging.

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 discovered, legal action may be taken, so please be aware. Even if you are within the subscriber period of the report, distribution may be terminated. Thank you for your understanding and cooperation.

＊ This report does not guarantee the accuracy of future outlooks or profitability. Traders and readers of the report should trade at their own risk. Neither the author nor the issuer of this report takes any responsibility for the decisions of participants in the market. Regardless of the security, physical, futures, or options trading is considered high risk.

＊ This report is for informational purposes and does not constitute a buy/sell recommendation.