Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Earlier Study: (click here for the previous post)
Index has a skirmish with the September 2016 High.
Chikou Span (white) above the Price line (see extreme left).
Tenkan Sen and Kijun Sen make a Bullish Cross.
Wrap:
index takes off from support and is negotiating the previous High - with a Strong Bullish Cross to back it.
Looking Forward into this Week:
Bulls get a Tenkan Sen and Kijun Sen cross - which is a strong Bullish Signal.
Chikou Span - needs to stay above the Price line to keep the Bull move alive.
Bears after defending the September 2016 High - would want to keep the space.
Wrap:
Bears would want to defend the current close and get Index back below Weekly Supports.
Bulls plan to go Higher on the back of the Bullish 'Tenkan Sen- Kijun Sen Cross'.
