MMA Weekly Report Nikkei Stock Average By Raymond Merriman Jun.2 2025
1. Review
Last week the Nikkei stock average closed at 37,965, up 805 from the previous week. The week's high was 37,167 on Monday, May 26. The week's high was 38,454 on Thursday, May 29. The close was above the weekly upside resistance line, so the sentiment is bullish. As a result, the previous bearish streak appears to have ended. In fact, this closing price exceeded the Week Trend Indicator Point (TIP) in 5 of 6 weeks. Therefore the underlying trend has been upgraded from “neutral” to an “uptrend.”
2. Cycles
As explained in my book Forecast 2025, there exists a long-term market cycle of 17 years in the Nikkei 225 index. The starting point was 6,994 on October 28, 2008. This cycle is divided into two 8.33-year halves; the first half ended with the “double bottom” at 14,864 on June 24, 2016 and 14,865 on February 12 of the same year. From there, the second half (the 2nd to 8.33-year cycle) began. And 2025 is the 17th year of the 17-year cycle.
For more, please refer to the PDF file.
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