MMA Weekly Report Nikkei Stock Average By Raymond Merriman Dec.1 2025

1. Review

The Nikkei 225 index closed last week at 50,253, up 1,628 points from the previous week. The week's low was on Tuesday, November 25, at 48,511.

The week's high was on Thursday, November 27, at 50,322. The closing price for the week was above the weekly upside resistance line, indicating a bullish sentiment. Furthermore, this closing price exceeded the Weekly Trend Indicator Point (TIP) for the first time in three weeks. However, the overall trend remains in a “neutral” state.

2. Cycles

This is something I intend to explain in the December issue of the Forecast 2026, but the Nikkei 225 is characterized by a long-term 17-year market cycle. The starting point was 6,994 on October 28, 2008. This cycle splits into an 8.33-year cycle, with the front half ending at the “double bottom” of 14,864 on June 24, 2016 and 14,865 on February 12 of the same year. From there, the second half (the 8.33-year cycle 2) began. 2025 corresponds to the 17th year of the 17-year cycle.

For details, please refer to the PDF file.

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