MMA Weekly Report Nikkei Stock Average By Raymond Merriman Jun.22 2026

1. Review

The Nikkei stock average closed last week at 71,250, up 5,230 points from the previous week. The week's low was 66,783 on Monday the 15th. The week's high was 71,952 on Friday the 19th. The closing price for the week exceeded the weekly resistance line, indicating a continuation of the bullish trigger from the previous week. In other words, the bullish streak remains in progress. In fact, the week's closing price stayed above the Weekly Trend Indicator Point (W-TIP) for 11 consecutive weeks, so the underlying trend is maintained as an “upward trend.”

2. Cycles

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

For the continuation, please refer to the PDF file.

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