Monday, February 9, 2015

The Dow Jones - Ichimoku Study - Yo Yo at the Tenkan - Week 2 of February 2015.

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

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

Index Yo Yos at the Tenkan Sen, for the 4th week #W2.
Tenkan Sen and Kijun Sen flat and gap steady #W2.
Senoku Span A & B gap narrows drastically #W3.
Chikou Span bounces of near the Price line #W1.

Wrap: Index back above the Tenkan Sen  #W2.

Looking Forward into this Week:

Bear journey back to the Kumo, hemmed by the Kijun Sen #W2.
Bearish Cross of Tenkan Sen & Kijun Sen, at current range, next on Bear Agenda #W2.
Chikou Span Deflection off the Index, shows the Bears losing the advantage #W2.

Wrap: Bulls look to stay above the Tenkan Sen, the Bear's target life below the Kijun Sen Sen #W2. Both look to break out of the current range.