Learning from the earlier Study: (click here for the post)
Bears again fail to close the week below the Tenkan Sen in the Cash segment (futures did) #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 as of Thursday last week #W2.
Looking Forward into this Week:
Bears eye the Thinning Kumo #W2 (Study Links here, here 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 only after negotiating the earlier dip to the Kumo #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.