MMA Weekly Report Nikkei Stock Average By Raymond Merriman Mar.2 2026

1. Review

The Nikkei Stock Average closed last week at 58,850, up 2,025 points from the previous week. The week's low was 56,732 on Tuesday the 24th. The week's high was 59,332 on Thursday the 26th. Because the close for the week surpassed the weekly upside resistance line, the sentiment is bullish. Therefore, the bullish streak may not have ended yet. In fact, the weekly close was 13 weeks above the TIP (Weekly Trend Indicator Point) within a 14-week period. Thus the underlying trend remains in an “upward trend” state.

2. Cycles

As previously stated, in “Forecast 2026,” the long-term market cycle of the Nikkei Stock Average has been moved from 17 years to 19 years. However, the starting point of October 28, 2008, at 6,994 remains unchanged. Therefore, where this 19-year cycle bottomed, or whether it has not yet bottomed, will be the focus in 2026.

Please refer to the PDF file for the continuation.

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