Central Plains (Chūgen) Jun Report Nasdaq & Mothers No.118 May 22, 2023

＜Nasdaq＞

Medium- to long-term outlook (the 6.9-year and 26-month cycle bottom is 2022 October 13)

The long-term downtrend since November 2021 has ended. It is highly likely that the 6.9-year cycle bottom occurred on 2022 October 13 starting from February 2016. However, since the valid bottom for the 6.9-year cycle could be around January 2023 ±14 months, there remains a slight possibility that the next peak-bottom for the 6.9-year cycle could occur in the week of August 15, ±4 weeks (July 19 to September 13).

＜Tokyo Stock Exchange Mothers＞

Medium- to long-term outlook (a composite of 46-month cycle, 15-month and 23-month cycles. Be cautious of long-term cycle topouts)

June 2023 corresponds to 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 center toward a top, there is a possibility of a top at any time between May and August 2023. More weakly, the 23-month cycle or the 15.3-month cycle may have topped in December 2022 as well. The final bottom is likely around March 2024.

For details, please refer to the PDF file.

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