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Introduction & Primer to Ichimoku can be read at this link > click.
PAST
Index again takes to the Channel Support near the 162% Fibonacci (of the 2015 low to 2016 high).
Index keeps above the Red Kijun Sen Support (10434), last week.
NEX
Bulls hope to hold above the cluster of support lines shown.
Bears want to force a lower low, after closing below the red support line (10434) above.
WRAP
Bulls seek to use current support, to keep above the Kijun Sen and target the 200% Fibonacci once again.
Bears, seek to keep up the momentum, with a 'lower low' (sub 10033).
