Monday, April 13, 2015

The Dow Jones - Ichimoku Study - Thinning Kumo 6 - Week 3 of April 2015.

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

Bears again fail to close the week below the Tenkan Sen even as this line shoots up  #W2.
Tenkan Sen and Kijun Sen, gap widens #W2.
Senoku Span A & B, gap narrow also widens #W3.
Thinning Kumo and Price line catch up is imminent #W2.

Wrap: Bears fail to close index below Tenkan Sen even as  Thinning Kumo is imminent #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 even as the gap between these lines is expected to fluctuate #W2.
Chikou Span at current altitude, can meet up with the price line only after negotiating the earlier dip to the Kumo #W1.

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