MMA Weekly Report Nikkei Stock Average By Raymond Merriman Jun.9 2025

1. Review

The Nikkei Stock Average closed last week at 37,741, down 223 points from the previous week. The week's high was 37,320 on Monday the 2nd. The week's high was 37,868 on Wednesday the 4th. The week's low approached the weekly support line but did not break below it and rebounded. The closing price moved between the weekly support line and the upper resistance line, so it was neutral. However, it was on the stronger side. And this closing price exceeded the Weekly Trend Indicator Point (TIP) in 6 of 7 weeks. Therefore the overall trend remains in an “upward” phase.

2. Cycles

As explained in my book “Forecast 2025,” the Nikkei Stock Average has a long-term market cycle of 17 years. Its starting point was October 28, 2008, at 6,994. This cycle divides into 8.33-year segments, with the first half ending at 14,864 on June 24, 2016 and 14,865 on February 12, 2016—an apparent “double bottom.” From here the second half (the 2nd-8.33 year cycle) began. And 2025 is the 17th year of the 17-year cycle.

Please see the continuation in the PDF file.

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