Ten-Year T-Notes Rally Today
After making new lows for the current downtrend yesterday, buyers began to come in and today, the buyers are attracting a following. The market has broken the supply line of the downtrend channel. The market may make it to the resistance zone on the daily chart. However, the daily RSI readings have closed below 38 and that indicates a downtrend.
The Aggregated TFlow chart is set to 5-ticks range (available in CQG 7.5) with my two custom studies plotted. Currently, the market is between an intraday support and resistance zone. The current readings from the TFVCrss study, indicate some possible selling coming in as the sell volume line (red) is edging above the buy volume line (green) of the TFVCrss study.
The T-note TFlow Chart has the two studies set to five-bar running sums, and the ChartTrader attached. I have the
CQG Order Ticker below the chart.
At the time this image was captured, the market is edging higher. The buy volume line (green) was peaking above the sell volume line (red) of the TFVCrss study, which is a sign of buyers still lifting offers.
The TFlow short-term view can quickly change.
