MMA Weekly Report Nikkei Stock Average By Raymond Merriman Jul. 14 2025

1. Review

The Nikkei 225 index closed last week down 241 points from the previous week at 39,569. The week's high was 39,971 on Wednesday the 9th. The week's low was 39,497 on Friday the 11th. The closing value fluctuated between the weekly lower support line and upper resistance line, remaining neutral for two weeks in a row. However, this closing value exceeded the weekly trend indicator point (TIP) by 11 weeks out of 12 in the 12-week period. Therefore, the underlying trend remains in an “uptrend” state.

2. Cycles

As explained in my book “Forecast 2025,” the Nikkei 225 has a long-term market cycle with a 17-year period. The starting point was 6,994 on October 28, 2008. This cycle divides into 8.33-year sub-cycles, 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.

Please see the continuation in the PDF file.

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