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