Central Plains Jumbo Report NASDAQ & Mothers No.121 June 12, 2023
Medium- to long-term outlook (bottom of the 6.9-year and 26-month cycle on 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. However, since the reasonable bottom for the 6.9-year cycle is January 2023 ±14 months, there remains a very small possibility that the next PC bottom could be the week of August 15 ± four weeks (July 19 to September 13), which would be the bottom of the 6.9-year cycle.
Medium- to long-term outlook (the 46-month cycle is a composite of the 15-month and 23-month cycles. Pay attention to potential top-outs in the long-term cycle)
June 2023 is 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 sub-cycle and the second 23-month cycle converge at the center, a top-out could occur anytime between May and August 2023. Weakly, both the 23-month cycle and the 15.3-month cycle could have top-out in December 2022. The final bottom is likely around March 2024.
For details, please refer to the PDF file.
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