Monday, March 9, 2015

The Dow Jones - Ichimoku Study - Thinning Kumo 1 - Week 2 of March 2015.







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

Bears take the index down and closer to the Tenkan Sen, following last week's red Doji #W2.
Tenkan Sen and Kijun Sen, gap steady #W2.
Senoku Span A & B, gap narrow and steady #W3.


Wrap: Index makes a new ATH and reaches halfway to the Tenkan Sen #W2.



Looking Forward into this Week:


Bears eye the Thinning Kumo #W2 (Study Links herehere or elsewhere) for an opportunity to break into the Kumo.
Bearish Cross of Tenkan Sen & Kijun Sen, at current range, next on Bear Agenda #W2.
Chikou Span at current altitude, can meet up with the price line in a couple or months #W1.


Wrap: Bulls look to stay above the Tenkan Sen and make new ATHs, the Bears want to get back to the Kumo #W2.