MMA Weekly Report Nikkei Stock Average By Raymond Merriman Jun. 16 2025

1. Review

The Nikkei Stock Average closed last week at 37,834, up 93 points from the previous week. The week's high was 38,529 on Wednesday the 11th. The week's low was 37,540 on Friday the 13th. The weekly high surpassed the upper resistance line, but the close was below it, triggering a bearish signal. However, this close point exceeded the Weekly Trend Indicator Point (TIP) seven out of eight weeks. Therefore, the underlying trend remains in an “uptrend” state.

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 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 14,864 on June 24, 2016 and 14,865 on February 12 of the same year, forming a “double bottom.” From there, the second half (the 2nd–8.33 year cycle) began. And 2025 marks the 17th year of the 17-year cycle.

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