MMA Weekly Report Nikkei Stock Average By Raymond Merriman Apr.6 2026

1. Review

Last week the Nikkei 225 average closed at 53,123, down 250 points from the previous week. The week's low was March 31 (Tuesday) at 50,558. The week's high was April 2 (Thursday) at 54,258. The low briefly fell below the weekly support line, but closed above it, triggering a bullish signal. However, the closing price was five weeks in a row below the Weekly Trend Indicator Point (TIP). Therefore the underlying trend remains in a “downward trend” state.

2. Cycles

As previously stated, in “Forecast 2026” the long-term market cycle of the Nikkei 225 has been adjusted from 17 years to 19 years. However, the starting point remains the October 28, 2008 reading of 6,994. Therefore, where this 19-year cycle bottoms, or whether it has not yet bottomed, will be the focus in 2026.

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