Weekly options offer expiration opportunities for traders and investors every Friday. The Ichimoku cloud is a highly valuable technical indicator because it looks at the past, the present and the future. It is also free and available on a wide variety of trading platforms. If youre not familiar with the Ichimoku cloud, here are the basics: The term Ichimoku means at first glance. At first glance, is a stock bearish, bullish or neutral? Where is a good entry, and where is a good exit? Lets take a look at the components that make up the Ichimoku cloud: First, lets look at the tenken-sen (red) line. This line shows the short-term trend and it is calculated as follows: Tenken-sen line = the highest high + the lowest low over the last 9 periods divided by 2. This formula has a Fibonacci retracement built into its calculation. Its an effective indicator because it works better than simple moving averages. The Kinjun-sen line (green) shows the longer-term trend. The calculations for this line is: Kinjun-sen line= the highest high + the lowest low over the last 26 periods divided by 2. So the tenken-sen and kinjun-sen lines show the short-term and longer-term trends in a market at the present time.