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Monday, June 15, 2015

The Dow Jones - Ichimoku Study - Kijun Sen Supports - Week 3 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 bounces off from support at the Kijun Sen but gets sent back at the Tenkan Sen again #W2.
Gap between the Tenkan Sen and Kijun Sen moves up #W2.
Senoku Span A & B, gap increases #W3.
Chikou Span above the Price line #W1.

Wrap: Index takes support at the Kijun Sen, Chikou span deflects off the Price line #W1.



Looking Forward into this Week:


Bears for the next opportunity to dive into the Kumo #W2.
Cross of Tenkan Sen, to below the Kijun Sen, is next on Bear wishlist #W2.
Chikou Span makes a Bullish deflection off the Price line, Bulls need to pull up the index to keep the advantage #W1.


Wrap: Bulls look to stay above the Kijun Sen, Bears look for a Bearish Cross of the Chikou Span and the Price line #W2.