Central Plains Shun Report Nasdaq & Mothers No.114 April 24, 2023

＜Nasdaq＞

Medium- to long-term outlook (long bottom of 6.9-year and 26-month cycles occurred 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 reasonable bottom of the 6.9-year cycle is January 2023 ±14 months, there remains a very small possibility that the next HPQ bottom could be the week of March 18 (±4 weeks: Feb 20 to Apr 13) as the bottom of the 6.9-year cycle. But from the weekly chart shape, that possibility is low.

＜TOKYO STOCK EXCHANGE Mothers＞

Medium- to long-term outlook (46-month cycle can 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 on Oct 3. In February, the third 15.3-month cycle within the 46-month cycle is in its fourth month and should still have upside potential. From March to April, bullish. However, please note that the bottom of the 15-month cycle may still be within March.

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