Central Plains Shun Report (NY Dow Average / Nikkei Average) No.201　 May 29, 2023

＜NY 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 four-year cycle is a combination of two 24-month cycles and three 15.5-month cycles. The rise from the 24-month cycle bottom may occur in June, or the 15.5-month cycle may 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 (though in the rising phase of the third 15.5-month cycle, be mindful of risks) No change

The 24-month cycle bottom occurred on March 9, 2022. The second 15.5-month cycle bottomed on October 3, 2022. The focus is on when the third 15.5-month cycle tops out. Targets are ① 30,795, ② 33,603–34,573, ③ 36,909, ④ 39,118. Exercise caution from around June 2023.

For more, please see the PDF file.

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

＊ This report is for informational purposes and does not constitute buy/sell recommendations.