Monday, April 27, 2015

The Dow Jones - Ichimoku Study - Thin Kumo ?! - Week 5 of April 2015.

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

Bears climb above the Tenkan Sen #W2.
Gap between the Tenkan Sen and Kijun Sen narrows drastically #W2.
Senoku Span A & B, gap narrow widens #W3.

Wrap: Bears close index above the Tenkan Sen, Thin Kumo was ineffective last week #W2.

Looking Forward into this Week:

Bears eye the Thin Kumo #W2 (Study Links herehere or elsewhere) for an opportunity to break into the Kumo.
Bearish Cross of Tenkan Sen & Kijun Sen, is next on Bear Agenda, even as the gap between these lines narrows even further #W2.
Chikou Span at current altitude, can meet up with the price line in a couple of weeks #W1.

Wrap: Bulls look to make new ATHs, Bears eye the Thin Kumo to help bring the Index down #W2.