View chart.. (Click)
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index moves about the Month lines with the body inside the previous week's candle.
Weekly and Monthly supports in close proximity.
Chikou Span (white) pops above the Price line.
Wrap:
Index back in the Kumo after a week of extreme fluctuations.
Looking Forward into this Week:
Bears want to get the index below the Kumo and definitely below Weekly resistance.
Bulls maintain the Higher Low.
Senoku Span A & B, meeting in the offing - Bearish Cross or Bullish Deflection next.
Wrap:
Bears look to get below to the Kumo and aim for the Monthly Support..
Bulls seek life above the Kumo (cloud), after defending the last weekly low.
