Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
After the index made a Lower low and Higher High (May 2015) #W1, #W2 - Bulls attempt to rise above the previous low, is thwarted at the Tenkan Sen again #W2.
Chikou Span points down away from the Price line again #W1.
Gap between the Senkou Span A & B, wide and steady #W3.
Gap between Tenkan Sen and Kijun Sen, widens some more #W2.
Wrap:
Bulls, with all Signals against them, fail again to get above the Tenkan Sen #W2.
Bears successfully defend the Tenkan Sen, once again #W2.
Looking Forward into this Week:
Chikou Span reaching the Price line, would take a couple of weeks at current rate, this is good for Bears #W1.
Gap between the Senkou Span A & B is wide at #W3 & above the last Price point, making a thick Kumo - and a strong resistance to an up-move #W3.
Index closing above the 'Tenkan Sen', is what resolute Bulls are aiming for #W2.
Wrap:
Staying above the previous low, and getting above the Tenkan Sen #W2, is the next Bull task.
Dominant Bears hold the Tenkan Sen but fail to get going downwards #W1.
