MMA Weekly Report Nikkei Average Stock Price By Raymond Merriman Mar.9 2026

1. Review

Last week the Nikkei 225 stock average closed down 3,230 points from the previous week at 55,620. The week's high was 58,365 on Monday the 2nd. The week's low was 53,618 on Wednesday the 4th. The closing price for the week was below the weekly downside support line, so the outlook was bearish. Therefore, the streak of bullishness is highly likely to have ended. In reality, the weekly close fell below the Weekly Trend Indicator Point (TIP) after the TIP had exceeded it by 13 weeks within a 14-week period. Accordingly, the underlying trend has been downgraded from an "uptrend" to "neutral."

2. Cycles

As previously stated, in “Forecast 2026” the long-term market cycle for the Nikkei 225 has been extended from 17 years to 19 years. However, there is no change to the starting point of October 28, 2008, at 6,994. Therefore, where this 19-year cycle bottomed, or whether it has not yet bottomed, will be a focus in 2026.

For the continuation, please refer to the PDF file.

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