MMA Weekly Report Nikkei Stock Average By Raymond Merriman May 25, 2026

1. Review

Last week the Nikkei 225 index closed up 1,930 points from the previous week at 63,339. The week's low was 59,292 on Wednesday the 20th. The week's high was 63,432 on Friday the 22nd. Although the week's low fell below the weekly support line, it rebounded. At the week's close, it was above the weekly resistance line, indicating extreme bullishness. In fact, this closing value exceeded the Weekly Trend Indicator Point (TIP) for seven consecutive weeks, so the overall trend remains in an “upward” state.

2. Cycles

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

Please refer to the PDF file for the continuation.

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