Ten-Year T-Notes Attracting Some Buying
After the daily bar chart of the 10-year T-note futures contract traded through the support zone, the market is currently trading back into what should not be a resistance level. However, the ongoing weak RSI readings indicate the trend is down. Barring some positive news that could bring in short covering, the price action should work lower.
The Constant Volume Chart (set to 10,000 contracts) with the RSI and ChartTrader show the market is trending higher for the moment.
The intraday view of the T-note market using the TradeFlow Chart has the two studies set to five-bar running sums and the ChartTrader attached. Some buying is going on as indicated by the green buy volume line of the TFVCrss study peaking above the red sell volume line.