The Dow Jones - Ichimoku Study - Week: 02 July to 06 July, 2012 - Bears force the Cross

.....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 

Quick Reference : 

Chikou Span - pink line,

Kijun Sen - blue line, 

Senkou Span A - black line, 

Senkou Span B - grey line, 

Kumo - grey shaded area,

Tenkan Sen - red line.

Useful resources (free) from the Web:

http://www.freestockcharts.com/

http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

Previous Signals seen on DJI 30 - Week Chart (EOW) as marked on chart below:

Kumo Breakout: Bullish Signal (B)

The Flat Kumo: Bearish Signal (Ko)

Tenkan Sen Cross: Weak Bearish Signal (Te)

The Kijun sen cross: Weak  Bearish  Signal (K)

The Kijun sen cross:  Strong Bullish Signal (K)

Tenkan Sen Cross:  Strong Bullish Signal (Te)
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T)

  DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:   

DJI 30 - End of Week Chart - 06 July, 2012 

Learning from the Past Week: (Click)

We suggested in our study last week that we would have a Bearish Cross of the Kijun Sen and Tenkan Sen.

That is what we got, along with a red candle, last week.

Looking Forward into the next Week:

While the Bearish Cross of the Kijun Sen and Tenkan Sen is bad news for the Bulls, they are still in a good place.

Staying above the MVWAP 34 and the Kijun Sen - Bulls can reverse this cross.

Bears having smelt the bacon, would push for the Kumo again.