Hartle & Flow

The daily charts a new high for the up trend. The market is at the supply line of the uptrend channel and is at the upper side of the resistance zone. Yesterday, the RSI, set to 14-bars, closed over 62 confirming the bullish momentum.

The Constant Volume Chart (increased to 25,000 contracts) with the CQG SnapTrader and the RSI set to 14-bars shows the market continue to climb with good upside momentum because the RSI was peaking well above 62. Currently, the RSI has formed a peak below 62, signaling a trading range with a bullish bias.

The T-note TFlow Chart, has the two studies set to five-bar running sums, and the ChartTrader attached. At time this image was captured, traders are just starting to hit bids as the sell volume line (red) is climbing above the buy volume line (green) of the TFVCrss study.

The TFlow short-term view can quickly change.

This entry was posted Tuesday, February 27th, 2007 at 9:55 am and is filed under TFlow, Ten Year Treasury Futures. You can leave a response, or trackback from your own site.