Monday, March 2, 2015

The Dow Jones - Ichimoku Study - Pause - Week 1 of March 2015.

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

After the Yo Yo at the Tenkan Sen, index makes ATHs and pauses with a red Doji #W2.
Tenkan Sen and Kijun Sen, gap steady #W2.
Senoku Span A & B, gap steady #W3.

Wrap: Index makes a new ATH and pauses in a red Doji #W2.

Looking Forward into this Week:

Bear hope, is to journey back to the Kumo, when it thins, in a couple of weeks #W2.
Bearish Cross of Tenkan Sen & Kijun Sen, at current range, next on Bear Agenda #W2.
Chikou Span Deflection off the Index, produces a new ATH for the Bulls #W2.

Wrap: Bulls look to stay above the Tenkan Sen and make new ATHs, the Bears want to get back to the Kumo #W2.