MMA Weekly Report Nikkei Average Stock Price By Raymond Merriman Jun 1 2026
1. Review
The Nikkei Stock Average closed last week at 66,329, up 2,990 from the previous week. The week's low was 63,562 on Monday, May 25. The week's high was 66,505 on Friday, May 29. The closing price surpassed the weekly resistance level, so the outlook remains bullish from the previous week. This is a continuation of bullish momentum. Furthermore, the closing price exceeded the Weekly Trend Indicator Point (TIP) for eight consecutive weeks. Therefore, the underlying trend remains in an “upward trend” state.
2. Cycles
As previously stated, in “Forecast 2026” the long-term market cycle duration for the Nikkei Stock Average has been changed from 17 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 the focal point for 2026. That said, there is no change to the view that the current market is composed of a four-year cycle, and the development of future long-term market cycles will still be influenced by the near-term PC (usually 12–20 weeks).
For details, please see the PDF file.
* MMA Report is prepared from Mr. Merrellman’s (Meriman’s) unique perspective for informational purposes and is not intended as a buy/sell recommendation.
* Please make investment decisions at your own risk.
* Unauthorized copying or distribution of our report violates the agreement. If such violation is found, legal action may be taken, and distribution may be terminated even within the subscription period. We appreciate your understanding and cooperation.