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Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index makes a High Wave candle after the spike last week.
Index is at a Higher High and above all indicators.
Chikou Span (White) flattens (extreme left).
Index after the take off towards the April 2015 High, makes a indecisive High Wave candle last week.
Looking Forward into this Week:
Bears want to see the Chikou Span headed back towards the Kumo (extreme left).
Bulls get a range break and maintain Higher High - Higher Low.
Bears now need to bring the index below the supports marked.
Index post breakout mode, shows need to consolidate with a High Wave candle.
Bears hope to see the index retest (a climbing) Tenkan Sen (Center).