|Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 07 Feb'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from last Week: (click here for previous post)
Bulls get a green week after coming up from below to close above the Kijun Sen #W2.
Senoku Span A & B converge some more #W3.
Gap between the Tenkan Sen and Kijun Sen reduces further #W2.
Chikou Span kisses and bounces off the Price line #W1.
Wrap: Bulls again get support at the Kijun Sen #W2.
Looking Forward into this Week:
Convergence of Senoku Span A & B, and also Tenkan Sen & Kijun Sen, remains a concern for Bulls #W3.
Index hanging on above Kijun Sen two weeks in a row, gives the Bull hope of a retake of the Tenkan Sen #W2.
Chikou Span deflection of the Price line favors Bulls #W1.
Wrap: Bulls look to get above the Tenkan Sen - Bears anticipate a bearish cross of the Tenkan Sen and Kijun Sen soon #W2.