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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)
Index faces resistance at previous High - makes a shooting star.
Senkou Span A and B, stay crossed bullishly (right extreme).
Senkou Span A and B, stay crossed bullishly (right extreme).
Chikou Span near the Price line (left).
Tenkan Sen and Kijun Sen remain crossed bullishly (centre).
Wrap:
Index resisted at previous High, Throw Back begins?.
Looking Forward into this Week:
All Signals favor Bulls, Bears hope the Chikou Span crosses below the Price line.
Keeping above the 61.8% Fibonacci (Of this year's Hi and Lo) and reaching $62 is the Bull plan.
Throw back to the Kumo, yet to happen - That's also the Bear Hope.
Throw back to the Kumo, yet to happen - That's also the Bear Hope.
Wrap:
Bears hope for a 'Throwback', with help from the shooting star & resistance at the previous high.
Bulls seek to keep the advantage of Bullish Signals, with a quick move towards $62.