Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Index dives from the Fibonacci 141% and takes support at the Kijun Sen (red line).
Weekly close was below the previous ATH (All Time High), 11171 (Fibonacci 100%).
NEXT
Bulls now want to use current support at the red line (10858) to close above the old ATH (11171), by month end. (edited)
Bears see red, and look for life in the Cloud (Kumo)
WRAP
Bulls after the deep dive from Fibonacci 141%, seek to get green back on the screen, aim for life above the Blue Line (11313)
Bears, see more red and a fall below 10500 (i.e. into the Kumo) in the coming weeks.
