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Monday, June 23, 2014

The Dow Jones - Ichimoku Study - Bulls Back - Week 4 of June 2014.



Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 20 June'14



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



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

Bulls take support near Tenkan Sen to get back to highs #W2.

Bears get closer to Tenkan Sen at week's low #W2.
Gap between Tenkan Sen - Kijun Sen and  Senoku Span A-B widens #W2, #W3.


Wrap: Bull back to highs taking support near Tenkan Sen  #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 make new ATHs #W2, Bears want life below the Tenkan Sen #W2.