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Monday, April 20, 2015

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







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

Bears close the week below the Tenkan Sen even as this line shoots up and runs into the Price line #W2.
Tenkan Sen and Kijun Sen, gap narrows #W2.
Senoku Span A & B, gap narrow widens #W3.
Thinning Kumo and Price line catch up #W2.

Wrap: Bears close index below Tenkan Sen even as  Thinning Kumo just below the Price line #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 even as the gap between these lines narrows #W2.
Chikou Span at current altitude, can meet up with the price line in a couple of weeks #W1.


Wrap: Bulls look to get back above the Tenkan Sen Pronto, Bears eye the Thinning Kumo to help bring the Index down #W2.