|Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 28 Mar'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from last Week: (click here for previous post)
Bull - Bear stand-off continues but now closer to the ATH #W2.
Senoku Span A & B gap narrows mildly #W3.
Gap between the Tenkan Sen and Kijun Sen also narrows mildly #W2.
At present height, the Chikou span seen running into the Price Line #W1.
Wrap: Index on pause near ATH, advantage Bulls #W2.
Looking Forward into this Week:
Gap between Senoku Span A & B, if holding steady or increasing - good for Bulls #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 look to visit the Kumo #W3.