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Introduction / Primer to Ichimoku can be read at this link (click).
Bulls after making a higher low off the Tenkan Sen, Run up to above the Previous High.
Index shoots off to just under the Fibo 113% of the Last major High Low.
Chikou Span (White) stays, way above the Price line (extreme left).
Wrap:
Bulls run up after taking support at the Tenkan Sen(Blue Line). Bears hold the 113% Fibo.
Looking Forward into this Week:
Bears hope to hold the resistance line 113% Fibo, and move the index down.
Bulls want to maintain the current Higher High - Higher Low.
Senkou Span A&B way apart - favors Bulls.
Wrap:
Hopeful Bears want a Double Top and life below the Tenkan Sen (Center).
Bulls look to trend, all the way 162% Fibo.
