Introduction / Primer to Ichimoku can be read at this link (click).
Index stays above the Tenkan Sen (Blue) and Kijun Sen (red) and reaches 86.6% of the previous High.
Tenkan Sen (Blue) and Kijun Sen (red line) close in for a cross or deflection.
Chikou Span, stays above the Price Line (left).
Wrap: Index above all the signals on the screen - Headed to the Fibo 113% as marked.
Looking Forward into this Week:
Deflection (left) of the Chikou Span and Price Line gives advantage to the Bulls for now.
Failure to make a High above the May 2017 High, (Left) is Bear Hope.
Tenkan Sen (Blue) and Kijun Sen (red line) deflecting - good for Bears.
Wrap:
Bears seek to get the index below the Tenkan Sen (blue), looking for a failure at the 86.6% mark to the last high.
Bulls after maintaining the Higher Low, seek to make a Higher High (above the May 2017, high).
