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Monday, March 30, 2015

The Dow Jones - Ichimoku Study - Thinning Kumo 4 - Week 1 of April 2015.







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

Bears take index below the Tenkan Sen but fail to get a weekly close below that line last week #W2.
Tenkan Sen and Kijun Sen, gap steady #W2.
Senoku Span A & B, gap narrow and steady #W3.
Thinning Kumo couple of weeks away #W2.


Wrap: Bears fail to close index below 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 few weeks #W1.


Wrap: Bulls look to stay above the Tenkan Sen and make new ATHs, Bears eye the Thinning Kumo to bring the Index down #W2.