MMA Weekly Report Nikkei Stock Average By Raymond Merriman Jun. 23 2025

1. Review

The Nikkei 225 Average closed last week at 38,403, up 569 points from the previous week. The week's low was 38,055 on Monday the 16th. The week's high was 38,885 on Wednesday the 18th. Because the closing price for the week closed above the upper end of the weekly upside resistance line, sentiment was bullish. Furthermore, this closing price exceeded the Weekly Trend Indicator Point (TIP) in eight of nine weeks. Therefore the overall trend remains in an “uptrend” state.

2. Cycles

As I explained in my book “Forecast 2025,” the Nikkei Stock Average has a long-term market cycle of 17 years. Its starting point was 6,994 on October 28, 2008. This cycle is split into two parts over 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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