|Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 25 July'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 the Tenkan Senm Bears get a red week making it a 8 week YoYo of green and red #W2.
Gap between Tenkan Sen - Kijun Sen increases #W2.
Gap between Senoku Span A-B also moves up #W3.
Wrap: Bulls use the Tenkan Sen as support #W2.
Looking Forward into this Week:
Keeping above the Tenkan Sen - Bulls continue to hunt for 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 above the Tenkan Sen, Bears want life below the Tenkan Sen after 8 YoYo weeks #W2.