Introduction / Primer to Ichimoku can be read at this link (click).
Index stays above all Ichimiku Supports.
Tenkan Sen (Blue) and Kijun Sen (red line) cross.
Chikou Span, pole vaults above the Price Line (left).
Wrap:
Index above all the signals on the screen - Bulls consolidate the Higher High.
Looking Forward into this Week:
Deflecting (left) of the Chikou Span and Price Line gives advantage to the Bulls.
Bears now hope for a retreat to the blue Tenkan Sen Line.
Tenkan Sen (Blue) and Kijun Sen (red line) crossing, puts pressure on Bears.
Wrap:
Bears after slowing the momentum, seek to get the index below the Tenkan Sen (blue).
Bulls after making a Higher High, aim for the next Fibonacci level.
