|Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 17 Mar'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the earlier Study: (click here for the post)
Bull - Bear stand-off continues around the ATH #W2.
Tenkan Sen close to Price Line #W2.
At present height, the Chikou span seen running into the Price Line #W1.
Wrap: Index on pause near ATH - broad ranging continues all 2014 #W2.
Looking Forward into this Week:
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 get and stay below the Tenkan Sen #W2.