MMA Weekly Report Nikkei Average Stock Price By Raymond Merriman Jan.6 2025

1. Review

Last week, the Nikkei 225 only had year-end trading. It closed at 39,894, down 387 points from the previous week. This closing price moved within the weekly downside support line and the weekly upside resistance line, so it was neutral. Furthermore, the rise of the previous week seems to have ended the sequence of bearishness. In fact, this close exceeded the Weekly Trend Indicator Points (TIP) for two consecutive weeks. However, the overall trend still appears to remain in a “neutral” state.

2. Cycles

As explained in the December 2024 release of "Forecast 2025," the Nikkei 225 has a long-term market cycle of 17 years. Its starting point was the low of 6,994 on October 28, 2008. This cycle is divided into two halves across an 8.33-year cycle, with the first half ending at 14,864 on June 24, 2016, and 14,865 on February 12, 2016, forming a “double bottom.” From here the second half (the 2nd 8.33-year cycle) began. Therefore, 2024 was the 16th year of the 17-year cycle.

Please refer to the PDF file for the continuation.

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