MMA Weekly Report Nikkei Stock Average By Raymond Merriman May.26 2025

1. Review

The Nikkei Stock Average closed last week at 37,160, down 593 points from the previous week. The week's high was May 20 (Tuesday) at 37,921. The week's low was May 22 (Thursday) at 36,855. Since the closing price for the week fell below the weekly support line, it carried over the prior week's bearish trigger, forming a continuing bearish trend. However, this closing price was below the Weekly Trend Indicator Point (TIP) for the first time in five weeks. Therefore the trend has been downgraded from an “uptrend” to a “neutral.”

2. Cycles

As explained in my book “Forecast 2025,” the Nikkei Stock Average has a long-term market cycle of 17 years. The starting point was the low of 6,994 on October 28, 2008. This cycle is divided into two halves on an 8.33-year cycle, with the first half ending at the “double bottom” of 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 2025 is the 17th year of the 17-year cycle.

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