Central Plains Jun Report Nasdaq & Mothers No.115 2023 May 1

＜Nasdaq＞

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

The long-term downtrend since November 2021 appears to have ended. It is highly likely that the 6.9-year cycle bottom occurred on Oct 13, 2022, starting from February 2016. However, since the reasonable bottom for the 6.9-year cycle is January 2023 ±14 months, there remains a slight possibility that the bottom of the 6.9-year cycle could be the week of March 18 (±4 weeks, Feb 20–Apr 13). But based on the weekly chart pattern, this possibility is small.

＜Tokyo Stock Exchange Mothers＞

Medium- to long-term outlook (a 46-month cycle comprising either three 15-month cycles or two 23-month cycles. The third 15.3-month cycle has begun)

The 15.3-month cycle bottom is assumed to be Oct 3. In February, during the third 15.3-month cycle of the 46-month cycle, the fourth month, there should still be upside potential. From 3 to 4 months, the outlook is bullish. However, please note that the bottom of the 15-month cycle may still be acceptable only until around March.

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