|Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 21 Mar'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from last Week: (click here for previous post)
Bulls and Bears stand-off near ATH #W2.
Senoku Span A & B gap flat and steady #W3.
Gap between the Tenkan Sen and Kijun Sen also flat and steady #W2.
At present height, the Chikou span seen running into the Price Line #W1.
Wrap: Index on pause near ATH #W2.
Looking Forward into this Week:
Senoku Span A & B gap - holding steady or increasing is good for Bulls for now #W3.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would show direction going forward before Price line gets too close to the Kumo $W2.
Bulls wary of the Chikou span bearishly crossing the Price line #W1.
Wrap: Bulls want the Tenkan Sen and Kijun Sen staying apart #W2, Bears wish for a Senoku Span Cross #W3.