MMA Weekly Report Nikkei Stock Average By Raymond Merriman Sep.16 2025

1. Review

The Nikkei 225 stock average closed the week at 44,768, up 1,750 points from the previous week. The week's low was 43,343 on Monday the 8th. The week's high was 44,888 on Friday the 12th. The closing price exceeded the weekly resistance level, indicating that the previous week's strength carried into this week, showing bullishness. This is a continuation of bullish momentum. Furthermore, this closing price was above the Weekly Trend Indicator Point (TIP) for 16 of the 17 weeks, so the underlying trend remains in an “uptrend.”

2. Cycles

As I explained in my book 'Forecast 2025,' the Nikkei average has a long-term market cycle of 17 years. Its starting point was October 28, 2008, at 6,994. This cycle is divided into two halves by 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, 2016. From there, the second half (the 2nd 8.33-year cycle) began. 2025 is the 17th year of the 17-year cycle.

For the continuation, please see the PDF file.

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