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Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Kumo Breakout continues to reward Bulls.
All signals are currently Bullish.
Chikou Span beyond the Kumo top (extreme left)
Wrap:
Kumo Breakout gives the Bulls more green.
Looking Forward into this Week:
Bears want to get the Chikou Span headed back towards the Kumo (extreme left).
Longs having achieved a higher high (weekly close) now look to keep the momentum going.
Bears look to get back to the resistance levels (Weekly and Monthly).
Wrap:
Bears seek to point the index towards the Tenkan Sen (Weekly resistance).
Bulls look for more green after the massive Kumo Breakout.
