Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index clears June high after popping above the Kumo #W2.
Chikou Span halts at the Price line, Tenkan Sen clears Kumo top #W1,
Bears give up the June high #W2.
Wrap:
Index clears June high, Chikou Span halts at the Kumo #W1.
Looking Forward into this Week:
Bulls now want Higher Highs and Higher Lows #W2.
Bears want the index below the Tenkan Sen #W2.
Chikou Span nudging the price line - bearish cross or bullish deflection, on next #W1.
Wrap:
Bears look to use current resistance to get some red on the screen #W2.
Bulls want to keep clear of the Kumo and get the Chikou Span into the Kumo #W2.
