Central Plain Shun Report NASDAQ & Mothers No.116 May 8, 2023

＜Nasdaq＞

Medium- to long-term outlook (the 6.9-year and 26-month cycle bottoms on October 13, 2022)

The long-term downtrend since November 2021 has ended. The 6.9-year cycle from February 2016 likely bottomed on October 13, 2022. However, since the proper bottom of the 6.9-year cycle is around January 2023 ± 14 months, there remains a very small possibility that the next high-probability bottom of the 6.9-year cycle could occur in the week of March 18 (±4 weeks: February 20 to April 13). From the weekly chart, this possibility is considered small.

＜TSE Mothers＞

Medium- to long-term outlook (the 46-month cycle can be three 15-month cycles, or two 23-month cycles. The third 15.3-month cycle has started)

The 15.3-month cycle bottom is assumed to be October 3. In February, the third 15.3-month cycle within the 46-month cycle is in its fourth month, so there should still be upward momentum. From March to April, sentiment is bullish. However, note that the bottom of the 15-month cycle still has a tolerable range up to around March.

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