Central Plains Legend Report (Dow Jones Industrial Average - Nikkei Average) No.198 2023 May 8

＜NYSE Dow＞

Medium- to long-term outlook (the third 15.5-month cycle is rising, but an early breakout above the high of 34,712 on 2022-12-13 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 bottom of the 24-month cycle could occur in June, or the 15.5-month cycle could bottom out on October 13. It is important to note that we may be entering a period where the 15.5-month cycle tops out.

＜Nikkei Stock Average＞

Medium- to long-term outlook (although in an upward phase of the third 15.5-month cycle, be mindful of risk) No change

The 24-month cycle bottomed out on March 9. Time and price targets have been reached (time within ±3 months of March, price at or below 25,280). The second 15.5-month cycle also bottomed on October 3. There is also a possibility that the current stance remains bearish and extends toward February 2023.

Please refer to the PDF file for the continuation.

＊ This report does not guarantee the accuracy of future outlooks or profitability. Traders and readers should trade at their own risk. The author of this report and the issuer bear no responsibility for the decisions of participants in the market. Regardless of the name, trading in spots, futures, or options is considered high-risk.

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