Monday, January 12, 2015

The Dow Jones - Ichimoku Study - Tenkan Sen Support - Week 3 of January 2015.

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the earlier Study: (click here for the post)

Index almost makes it to the Kijun Sen - but closes the week above the Tenkan Sen #W2.
Tenkan Sen and Kijun Sen flat and gap steady #W2.
Senoku Span A & B gap flat #W3.

Wrap: Bulls pull back above the Tenkan Sen after a deep dive to near the Kijun Sen #W2.

Looking Forward into this Week:

Bears aim for a journey back to the Kumo, starting with a close below the Tenkan Sen #W2.
Bearish Cross of Tenkan Sen & Kijun Sen, at current range, next on Bear Agenda #W2.
Chikou Span Cross/Deflection of the Index can show direction going forward #W2.

Wrap: Bulls look to get back to the ATH, while as Bears see life below the Tenkan Sen #W2.