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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 closes the week above the March 2015 High - making it an official 'Higher Close'.
Chikou Span (white) flat, but way above the price line (see extreme left).
The Tenkan Sen (blue) is now Support.
Bulls finally use the Bullish Tenkan Sen-Kijun Sen Cross, to close above the previous 'All Time High'.
Looking Forward into this Week:
Bulls hold on to a Tenkan Sen and Kijun Sen cross - which is a strong Bullish Signal.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Bears dream of life below the March 2015 High, and a crash to sub 7070 levels.
Bears would want to head to the Tenkan Sen and get some red on the Index.
Bulls with a Higher close plus Bullish 'Tenkan Sen- Kijun Sen Cross', now would want to take out the next resistance as marked.