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Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index stays Flat in a range - last week saw the Bulls dominate.
Tenkan Sen (blue) climbs up to support the index.
Chikou Span (white), pips up (see extreme left).
Chikou Span up, Index is Flat. Range break expectations high.
Looking Forward into this Week:
Bulls want to stay above the Tenkan Sen and make Higher Highs (Center).
Bears want to see the Chikou Span, point towards the Kumo.
The index stays flat / range-bound - range break imminent.
Bulls want more green, with life near old Highs and a continuation of current trend.
Bears want to see the Chikou Span head down towards the Kumo and the Index get below the marked supports.