Zoom into chart .. Click
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index remains Flat in a range - last week's candle landed exactly on Support.
Tenkan Sen (blue) flattens and continues to support the index.
Chikou Span (white), flat too (see extreme left).
Wrap:
Chikou Span flat, Index is Flat. Last week's honors go to the Bears.
Looking Forward into this Week:
Bulls want to stay above the Tenkan Sen and make the Higher High (Center).
Bears want to see the Chikou Span, head to the Kumo.
The index stays flat / range-bound - range break imminent.
Wrap:
Bulls want more green, with life near old Highs and a continuation of up trend.
Bears want to see the Index get below the marked supports.
