Tuesday, May 26, 2015

The Dow Jones - Ichimoku Study - ATH in red - Week 4 of May 2015.

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

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

After the Index found support at the Kijun Sen previously,it makes a new ATH last week #W2.
Gap between the Tenkan Sen and Kijun Sen steady #W2.
Senoku Span A & B, gap steady #W3.

Wrap: Index makes a new All Time High (ATH), Bears manage a red week despite the ATH.

Looking Forward into this Week:

Bears eye the dwindling Thin Kumo #W2 (Study Links herehere or elsewhere) for an opportunity to dive into the Kumo.
Cross of Tenkan Sen, to below the Kijun Sen, is next on Bear wishlist #W2.
Chikou Span at current altitude, can meet up with the price line in a couple of months #W1.

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