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Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Index keeps above support at the 162% Fibonacci (of the 2015 low to 2016 high) with another All Time High (ATH).
Index keeps above the Blue Tenkan Sen Support line following the Closing White Marubozu with a Opening White Marubozu.
NEX
Bulls seek to use the current continuation signals to make a dash to another new All Time High.
Bulls want to make another Higher High, a new ATH and maintain the major wave 'Higher High - Higher Low'.
WRAP
Bulls seek to use current signals, to keep above the Tenkan Sen and target the 200% Fibonacci as marked.
Bears seek to use the Channel resistances, to get into the game.
