Monday, June 16, 2014

The Dow Jones - Ichimoku Study - Bear Try - Week 3 of June 2015.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 13 June'14

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the earlier Study: (click here for the post)

Bulls after break out of the earlier range keep well above Tenkan Sen #W2.

Bears attempt to reach Tenkan Sen #W2.
Ichimoku signal lines move up steady #W2, #W3.

Wrap: Bears pull back some Bull gains from previous week's range break-out #W2.

Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls have hopes of a new ATHs #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Bulls wary of the Chikou span bearishly crossing the Price line #W1.

Wrap: Bulls look to head back to the ATH #W2, Bears want life below the Tenkan Sen #W2.