MMA Weekly Report Nikkei Stock Average By Raymond Merriman Sep.1 2025

1. Review

Last week the Nikkei Stock Average closed up 85 points from the previous week at 42,718. The week's high was 43,201 on Monday the 25th. The week's low was 42,137 on Tuesday the 26th. The week's range fluctuated between the weekly downside support line and the upside resistance line, so sentiment was neutral. However, the closing price for the week exceeded the Weekly Trend Indicator Point (TIP) by 1 4 weeks out of 15 weeks, suggesting the underlying trend has been upgraded from “neutral” to an “upward trend” again.

2. Cycles

As explained in my book ‘Forecast 2025’, there exists a long-term market cycle of 17 years in the Nikkei Stock Average. Its starting point was 6,994 on October 28, 2008. This cycle divides into two parts at an 8.33-year cadence, with the first half ending in a “double bottom” at 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. 2025 is the 17th year of the 17-year cycle.

Please see the continuation in the PDF file.

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