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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)
Bulls keep above support and take the Index Higher - weekly candle resembles a Shooting Star.
Chikou Span (white) flat, but towers above the price line (see extreme left).
The Tenkan Sen (blue) is fall back Support.
Wrap:
Bulls continue above the previous 'All Time High' - Bears make the Weekly candle a 'Shooting Star'.
Looking Forward into this Week:
Bulls continue to reap rewards from the Tenkan Sen and Kijun Sen cross - which has been a strong Bullish Influence.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Bear wish list sees life below the March 2015 High, and a crash to sub 7070 levels.
Wrap:
Bulls riding the Bullish 'Tenkan Sen- Kijun Sen Cross', seek the stars with another High.
Bears plan to shoot the index towards the Tenkan Sen and get some red on the Index.
