Central Plains Shun Report (NYSE Dow Jones Average / Nikkei Average) No.196 April 24, 2023

＜NYSE Dow＞

Medium- to long-term outlook (the third 15.5-month cycle is rising, but an early突破 of the high on 2022-12-13 at 34,712 is required) No change

The first 4-year cycle is a combination pattern of two 24-month cycles and three 15.5-month cycles. The rise from the 24-month cycle bottom may occur in June, or the 15.5-month cycle may bottom out on October 13. Caution is needed as we may have entered a period where the 15.5-month cycle tops out.

＜Nikkei Stock Average＞

Medium- to long-term outlook (while in the rising phase of the third 15.5-month cycle, risks should also be kept in mind) No change

The 24-month cycle bottomed on March 9. Both time and price targets have been reached (time within ±3 months of March, price below 25,280). The second 15.5-month cycle bottomed on October 3 as well. Another possibility is aiming for February 2023, with the current PC remaining bearish and potentially extending.

Please see the PDF file for the continuation.

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

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