Central Plains Shun Report (Dow Jones Average / Nikkei Average) No.197 May 1, 2023

＜NY Dow＞

Medium- to long-term outlook (Third 15.5-month cycle is rising, but an early breakout above the high on Dec 13, 2022 of 34,712 is required) No change

The first four-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 come in June, or the 15.5-month cycle may bottom out on Oct 13. Caution is needed as we may have entered the 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, also mindful of risks) No change

The 24-month cycle bottoms out on March 9. Time and price targets are met (time within March ±3 months, price below 25,280). The second 15.5-month cycle also bottoms out on Oct 3. There is also the possibility that the current pattern may be extended with the aim of February 2023 if the current PC remains weak.

For details, please see the PDF file.

＊ This report does not guarantee the accuracy of future outlook or profitability. Traders and readers of the report should trade at their own risk. The authors and publishers of this report do not assume any responsibility for the decisions of any market participants. Regardless of the asset, physical, futures, or options trading are considered high risk.

＊ This report is provided for information purposes and does not constitute a trading recommendation.