MMA Weekly Report Nikkei Stock Average By Raymond Merriman Aug. 12, 2025

1. Review

The Nikkei Stock Average closed last week at 41,820, up 1,021 points from the previous week. The week’s low was 39,850 on Monday the 4th. The week’s high was 42,033 on Friday the 8th. Since the closing price exceeded the weekly upside resistance line, the outlook is bullish. It is possible that the bullish streak may not have ended. In fact, this closing price was 15 weeks above the Weekly Trend Indicator Point (TIP) in 16 weeks, so the underlying 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. The starting point was 6,994 on October 28, 2008. This cycle is divided into two 8.33-year subcycles, with the early phase ending at the “double bottom” between 14,864 on June 24, 2016 and 14,865 on February 12 of the same year. From there, the latter phase (the 2nd–8.33-year cycle) began. 2025 marks the 17th year of the 17-year cycle.

Please see the PDF file for the continuation.

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