Central Plain Jun Report Nasdaq & Mothers No.108 March 13, 2023

＜Nasdaq＞

Medium- to long-term outlook (6.9-year and 26-month cycle bottoms on Oct 13, 2022)

The long-term downtrend since November 2021 has ended. It is highly likely that the 6.9-year cycle bottom occurred on Oct 13, 2022. However, since the bottom of the 6.9-year cycle could reasonably be around Jan 2023 ±14 months, there remains a slight possibility that the next HPC bottom could be in the week of Mar 18 ±4 weeks (Feb 20–Apr 13). Based on weekly chart patterns, this possibility is small.

＜TOKYO STOCK EXCHANGE Mothers＞

Medium- to long-term outlook (46-month cycle consists of three 15-month cycles or two 23-month cycles. The third 15.3-month cycle has begun)

The 15-month cycle bottom is assumed to be Oct 3. In February, it should still have room to rise as the fourth month of the third 15.3-month cycle of the 46-month cycle. From March to April, it remains bullish. However, please note that the bottom of the 15-month cycle may still be acceptable around March.

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