MMA Weekly Report Nikkei Stock Average By Raymond Merriman Sep.22 2025

1. Review

Last week the Nikkei 225 ended at 45,045, up 277 points from the previous week. The week's low was on Friday the 19th at 44,495. The week's high was also on Friday the 19th at 45,852. Although the weekly high exceeded the upside resistance line, the closing price fell short, triggering a bearish signal. However, the bullish streak may still continue. In fact, this closing price was above the Weekly Trend Indicator Point (W-TIP) in 18 weeks and 17 weeks, respectively. Therefore the underlying trend remains in an “uptrend.”

2. Cycles

As explained in my book Forecast 2025, the Nikkei 225 has a long-term market cycle of 17 years. Its starting point was October 28, 2008, at 6,994. This cycle splits into two parts every 8.33 years, with the first half ending at the “double bottom” of 14,864 on June 24, 2016 and 14,865 on February 12, 2016. The second half (the 2nd–8.33 year cycle) then began. 2025 is the 17th year of the 17-year cycle.

Please see the PDF file for the continuation.

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