MMA Weekly Report Nikkei Stock Average By Raymond Merriman Aug. 18 2025

1. Review

The Nikkei Stock Average closed last week at 43,378, up 1,558 from the previous week. The week’s low was 42,083 on Tuesday the 12th, and the week’s high was 43,451 on Wednesday the 13th. The closing price for the week was above the weekly resistance line, so the trend remains bullish for the second consecutive week. In fact, this closing price exceeded the Weekly Trend Indicator Point (TIP) in 16 of 17 weeks. Therefore the overall bias 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. Its starting point was 6,994 on October 28, 2008. This cycle splits into an 8.33-year cycle, with the first half ending at a “double bottom” formed by 14,864 on June 24, 2016 and 14,865 on February 12 of the same year. From here the second half (the 2nd 8.33-year cycle) began. The year 2025 is the 17th year of the 17-year cycle.

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