Central Plains Shun Report Nasdaq & Mothers No.117 May 15, 2023
Long- to mid-term outlook (the 6.9-year and 26-month cycle bottom occurred on Oct 13, 2022)
The long downtrend since November 2021 has ended. The 6.9-year cycle was likely bottoming on Oct 13, 2022. However, since a reasonable bottom for the 6.9-year cycle is around January 2023 ±14 months, there remains a very small possibility that the next PC bottom could occur in the week of Aug 15, 2023 ± four weeks (Jul 19 to Sep 13), which would be the bottom of the 6.9-year cycle.
Mid- to long-term outlook (the 46-month cycle is a composite of 15-month and 23-month cycles. Watch for the long-cycle top)
In June 2023, it was the 12th month of the second 23-month cycle and the 8th month of the third 15.3-month cycle. If the 46-month cycle’s third 15.3-month cycle and the second 23-month cycle align at the center, a top could occur anytime between May and August 2023. More conservatively, the 23-month cycle or the 15.3-month cycle could also have topped around December 2022. The final bottom is expected around March 2024.
For more details, please see the PDF file.
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