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 saw a Doji bisecting Support.
Tenkan Sen (blue) flattens and continues to support the index.
Chikou Span (white), flat too (see extreme left).
Chikou Span flat, Index is Flat. Range break expectations high.
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.
Bulls want more green, with life near old Highs and a continuation of up trend.
Bears want to see the Chikou Span head down towards the Kumo and the Index get below the marked supports.