MMA Weekly Report Nikkei Stock Average By Raymond Merriman Mar.30 2026

1. Review

Last week, the Nikkei Stock Average closed up 1 point from the previous week at 53,373. The week's low was 50,688 on Monday the 23rd. The week's high was 54,175 on Thursday the 26th. The closing price fell below the weekly downside support line, indicating a bearish stance. Furthermore, this closing price also remained below the Weekly Trend Indicator Point (TIP) for the fourth consecutive week. Therefore the overall trend remains in a “downward trend.”

2. Cycles

As previously stated, in “Forecast 2026” the long-term market cycle of the Nikkei Stock Average has been changed from 17 years to 19 years. However, the starting point remains the 6,994 level on October 28, 2008. Therefore, where this 19-year cycle bottoms, or whether it has not yet bottomed, will be the focus in 2026.

Please see the continuation in the PDF file.

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