MMA Weekly Report Nikkei Average Stock Price By Raymond Merriman Feb.17 2025

1. Review

Last week the Nikkei 225 closed up 362 points from the previous week at 39,149. The week’s low was 38,606 on Monday the 10th. The week’s high was 39,581 on Thursday the 13th. The weekly high exceeded the upper resistance line, but the closing price fell below it, triggering a bearish signal. Furthermore, this closing price also fell below the Weekly Trend Indicator Point (TIP) for two consecutive weeks. However, the overall trend remains in a “neutral” state.

2. Cycles

As explained in my book “Forecast 2025,” there is a long-term market cycle of 17 years in the Nikkei 225. The starting point was 6,994 on October 28, 2008. This cycle splits into two 8.33-year cycles, with the first half ending at the “double bottom” between 14,864 on June 24, 2016 and 14,865 on February 12 of the same year. From there, the second half (the 2nd 8.33-year cycle) began. And 2024 was the 16th year of the 17-year cycle.

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