Ten Year T-Notes Break on Employment Data
The daily bar chart of the 10-year T-note futures contract shows that the market is probing the support zone. It’s possible the RSI reading will start holding above 38, and if the RSI reading is above Friday’s level at the close, then a pivot low has formed and signals a trading range with a bearish bias.
The morning view of the TradeFlow Chart shows the market testing a resistance zone and the TF5Um5D is turning down. If the sell volume line (red) of the TFVCrss study starts to climb above the buy volume line (green), then Friday’s low is likely to be retested as sellers are coming in.