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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 stays way above support (i.e. Tenkan Sen - blue line) and Clears the Fibo 227%.
Bulls maintain Higher Highs and Higher Lows and close just below the Channel resistance.
Index makes a 'Closing White Marubozu', up above all the Ichimoku Signals.
Index makes a 'Closing White Marubozu', up above all the Ichimoku Signals.
Wrap:
Index makes a 'Closing White Marubozu', above Support i.e. the Tenkan Sen (blue line - 2503) with another ATH.
Index makes a 'Closing White Marubozu', above Support i.e. the Tenkan Sen (blue line - 2503) with another ATH.
Looking forward into this Week:
Bulls now seek to head towards the 262% Fibonacci.
Bears need to get below the Kijun Sen (Red Line) to make a lasting impact.
Wrap:
Index above support at 2503 - Another New All Time High; is the Bull plan.
Bears pray for a red Candle, and resistance near the Channel Top.