Central Plains Shun Report Nasdaq & Mothers No.120 2023 June 5

＜Nasdaq＞

Medium- to long-term Outlook (Bottom of the 6.9-year and 26-month cycle on October 13, 2022)

The long-term downtrend since November 2021 has ended. The 6.9-year cycle likely bottomed on October 13, 2022. However, since the valid bottom of 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 August 15 ±4 weeks (July 19 to September 13) as the bottom of the 6.9-year cycle.

＜Tokyo Stock Exchange Mothers＞

Medium- to long-term Outlook (46-month cycle is a composite of 15-month and 23-month cycles. Beware of top-outs in the long-term cycle)

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 converge, a top-out could occur at any time from May to August 2023. More weakly, the 23-month cycle or the 15.3-month cycle may have topped out in December 2022 as well. The final bottom is expected around March 2024.

Please refer to the PDF file for details.

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