Ten-Year T-Notes Still Holding above the Support Zone
The daily bar chart of the 10-year T-note futures contract is holding above the support zone. I have added a down trend channel, which is a potential area for resistance as the market trades sideways. The RSI readings have yet to form a pivot low above 38. I still interpret the momentum to indicate a weak market.
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. The market is trading sideways as the buy volume line (green) is tracking the sell volume line (red) of the TFVCRss study. Neither buyers nor sellers are controlling the market, at the moment.