Monday, September 22, 2014

The Dow Jones - Ichimoku Study - Bulls scale up Peak 2 - Week 4 of September 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 19 Sept'14

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

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

Bulls rise above Peak 2 with a green week #W2.

Gap between Tenkan Sen - Kijun Sen same - both climb #W2.
Gap between  Senoku Span A-B same - both climb #W3.

Wrap: Bulls scale higher at Peak 2 #W2.

Looking Forward into this Week:

Keeping above the Tenkan Sen - Bulls look for new Highs #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would continue to show direction going forward #W2.
Previous Highs are a strong support #W2.

Wrap: Bulls push for a higher highs, Bears seek to get below previous Highs #W2.