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Monday, June 22, 2015

BSE Sensex - Ichimoku Study - Peep out of the Kumo - Week 4 of June 2015.






Introduction / Primer to Ichimoku can be read at this link (click). 


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


Index peeps out of the Kumo 
#W2.
Gap between the Senkou Span A & B  narrows further #W3.
Gap between the Tenkan Sen and the Kijun Sen widens #W2.
Chikou Span resisted at the Price line #W1.
Tenkan Sen was the resistance for the Index last week #W2.


Wrap: 

Index peeps our of the Kumo #W2, Chikou Span and Tenkan Sen touch the Price line #W1, #W2.
Bulls fight back to a deuce with a long green week #W2.



Looking Forward into this Week:


Chikou Span clearing the Price line and Price line clearing the Tenkan Sen are on the Bull wish list for the week #W1&W2.

Narrowing gap between the Senkou Span A & B, makes a bullish deflection or bearish cross, imminent #W3.
Bull hope rests on staying above the rather thick Kumo (Study Links herehere or elsewhere) #W2.



Wrap:

Bulls fight to stay above the Kumo, point the Chikou Span above the Price line and manage a deflection of the Senkou Span A & B  #W1. 
Bears look to slide back into the Kumo, retaining the Bearish Crosses #W2.