MMA Weekly Report Nikkei Stock Average By Raymond Merriman Oct.27 2025

1. Review

Last week, the Nikkei Stock Average closed up 1,717 points from the previous week at 49,299. The week's low was 48,254 on Monday, October 20.

The week's high was on Tuesday, October 21, at 49,945. Since the closing price for the week surpassed the upper resistance line of the weekly range, this appears to carry over the previous week's bullish trigger. The streak of bullishness remains ongoing. In fact, this closing price was 23 weeks above the Weekly Trend Indicator Point (TIP) and 22 weeks above it. Therefore, the underlying trend is still in a rising trend state.

2. Cycles

As explained in my book “Forecast 2025,” the Nikkei Stock Average has a long-term market cycle of 17 years. Its starting point was 6,994 on October 28, 2008. This cycle split into two parts over an 8.33-year cycle, with the front half ending at the “double bottom” formed by 14,864 on June 24, 2016 and 14,865 on February 12 of the same year. From there, the back half (the 2nd-8.33 year cycle) began. 2025 is the 17th year of the 17-year cycle.

Please refer to the PDF file for the continuation.

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