Monday, January 5, 2015

The Dow Jones - Ichimoku Study - ATH stop - Week 2 of January 2015.

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

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

Index pauses near the ATH #W2.
Tenkan Sen climbs up to near the Price line#W2.
Senoku Span A & B gap widens #W3.

Wrap: Bulls falter near the All Time High (ATH)#W2.

Looking Forward into this Week:

Bears aim for a journey back to the Kumo, starting with a move to below the Tenkan Sen #W2.
Bearish Cross of Tenkan Sen & Kijun Sen, at current range, next on Bear Agenda #W2.
Chikou Span Cross/Deflection of the Index can show direction going forward #W2.

Wrap: Bulls look for higher ATHs going forward, while as Bears seek life below the Tenkan Sen #W2.