MMA Weekly Report Nikkei Stock Average By Raymond Merriman Jun. 30 2025

1. Review

Last week the Nikkei Stock Average closed up 1,747 points from the previous week at 40,150. The week's low was 38,026 on Monday the 23rd. The week's high was 40,267 on Friday the 27th. The closing price exceeded the weekly upper resistance line, so it was bullish for the second consecutive week. Furthermore, this closing price was above the weekly Trend Indicator Point (TIP) for 9 weeks out of 10 in the 10-week period. Therefore, the overall trend remains in an “upward” phase.

2. Cycles

As I explained in my book Forecast 2025, there exists a long-term market cycle of 17 years in the Nikkei Stock Average. The starting point was 6,994 on October 28, 2008. This cycle is divided into two 8.33-year segments, with the front 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 back 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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