Monday, January 26, 2015

The Dow Jones - Ichimoku Study - Tenkan Sen Again - Week 5 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 ranges in last week's space and closes the week just above the Tenkan Sen #W2.
Tenkan Sen and Kijun Sen flat and gap steady #W2.
Senoku Span A & B gap flat #W3.

Wrap: Bulls close above the Tenkan Sen after a repeat dive towards the Kijun Sen #W2.

Looking Forward into this Week:

Bears aim for a journey back to the Kumo, with a close below the Tenkan Sen to start with #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 to keep above the Tenkan Sen, the Bear's target life below the Tenkan Sen Sen #W2. Both look to break out of the current range.