Central Plains Shun Report Nasdaq & Mothers No.112 2023年4月10日

＜Nasdaq＞

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

The long-term downtrend since November 2021 has ended. The 6.9-year cycle likely bottomed on Oct 13, 2022, from February 2016. However, since the valid bottom for the 6.9-year cycle is around January 2023 ±14 months, there remains a slight possibility that the next HPC bottom could occur in the week of March 18 (±4 weeks: Feb 20 to Apr 13). But based on the weekly chart pattern, that likelihood is small.

＜Tokyo Stock Exchange Mothers＞

Medium- to long-term outlook (46-month cycle: either three 15-month cycles or two 23-month cycles. A third 15.3-month cycle has started)

The 15.3-month cycle bottom is assumed to be Oct 3. February should still have room for upside as it is the fourth month of the third 15.3-month cycle in the 46-month cycle. From March to April, the outlook is bullish. However, the bottom for the 15-month cycle may still be within tolerance only up to around March, so please note this.

Please see the continuation in the PDF file.

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