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Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study:
Index moves into the Kumo with help from a Bullish Tenkan Sen (blue) Kijun Sen (red) cross earlier.
Resisted by the Senoku Span B (pink) index, dives below the the Kumo (cloud).
Chikou Span (white) tries to find its space moving in and out of the Price line.
Wrap:
Index resisted by the Senoku Span B falls below the Kumo.
Looking Forward into this Week:
Bears want to keep the index below the Kumo and Weekly resistance.
Last week's low (higher than previous) important for desperate Bulls.
Senoku Span A & B, meeting in the offing - Bearish Cross or Bullish Deflection next.
Wrap:
Bears look to keep below to the Kumo and aim for the Monthly Support..
Bulls seek life inside the Kumo (cloud), after a take off from last week's low.
