Saturday, June 29, 2013

The Dow Jones - Ichimoku Study - Week: 24 June to 28 June: 2013 - Bears Hold Gains

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

Introduction 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.

Recent Signals seen on DJI 30 - Week Chart (EOW) marked on chart as per notes below

The Chikou Span Cross:  Strong Bullish Signal (cC)  
The Kijun sen cross:  Strong Bullish Signal (K) 
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish Signal (T)

Tenkan Sen Cross:  Weak Bearish Signal (Te)

Dow 30 - End of  Week Chart (EOW) - Using 12 months Span - as on 28 June'13

Learning from the Past Week: (click here for that post)

Bears keep it below the Tenkan Sen ..  #2..
The Oscillator #3 ticks down.
Bulls bring back some Green - however fail to retake the Tenkan Sen #2.

Bears stay in ...

Looking Forward into the next Week:

Bears need to continue to hold the index below the Tenkan Sen #2.
Chikou Span getting closer to the Price line to be watched #1.
Bulls would look at getting back the advantage - rising above the Tenkan Sen #2.

Bears eye the distant Kijun Sen #2 .... Bulls remain under pressure.