Central Plains Shun Report (DJIA Average / Nikkei Average) No.163 August 1, 2022

・Point

Medium- to long-term outlook (if using the second-phase pattern 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 may not adopt the second-phase pattern. If it is a 24-month cycle, a sharp rise should continue. On the other hand, with only the third-phase pattern, toward the bottom of the second 15.5-month cycle in November, there may be no noticeable rebound, and the downtrend would resume.

・Point

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

The 24-month cycle bottomed on March 9. Time and price targets have been met (time within March ±3 months, price below 25,280). The first PC of the second 24-month cycle is bullish. With Japanese stocks not making new lows and U.S. stocks making new lows and turning, a bullish divergence is forming. In particular, Nasdaq starting to rise clearly is encouraging.

Please see the PDF file for the continuation.

＊ Copying or distributing our reports without permission would violate the contract. If such violations are discovered, legal action may be taken, so please be advised. Even during the subscription period, we may terminate delivery. Thank you for your understanding and cooperation.

＊ This report does not guarantee the accuracy of future outlooks or profitability. Traders and readers of this report should trade at their own risk. The author and publisher of this report do not bear any responsibility for the decisions of each market participant. Regardless of the asset, physical, futures, and options trading are considered high-risk.

＊ This report is intended for information purposes and does not constitute trading recommendations.