Central Plains Shun Report Nasdaq & Mothers No.113 2023-04-17

＜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. It is highly likely that the 6.9-year cycle bottom occurred on Oct 13, 2022, from February 2016. However, since the appropriate bottom for the 6.9-year cycle is around January 2023 ±14 months, there remains a small chance that the next HP top bottom occurs in the week of March 18 (±4 weeks: Feb 20 to Apr 13) as the bottom of the 6.9-year cycle. But based on the weekly chart shape, that possibility is unlikely.

＜Tokyo Stock Exchange Mothers＞

Medium- to long-term outlook (46-month cycle could be 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. In February, the third 15.3-month cycle of the 46-month cycle is in its fourth month, so there should still be room for further rise. From March to April, sentiment is bullish. However, please note that the bottom of the 15-month cycle may still be within about March.

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