Monday, March 23, 2015

The Dow Jones - Ichimoku Study - Thinning Kumo 3 - Week 4 of March 2015.

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

Bulls surge up after closing above the Tenkan Sen last week #W2.
Tenkan Sen and Kijun Sen, gap steady #W2.
Senoku Span A & B, gap narrow and steady #W3.
Thinning Kumo couple of weeks away #W2.

Wrap: Bulls surge after last week's stop above the Tenkan Sen #W2.

Looking Forward into this Week:

Bears eye the Thinning Kumo #W2 (Study Links herehere or elsewhere) for an opportunity to break into the Kumo.
Bearish Cross of Tenkan Sen & Kijun Sen, at current range, next on Bear Agenda #W2.
Chikou Span at current altitude, can meet up with the price line in a few weeks #W1.

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