Buyers Continue to Bid for the Ten-Year T-Notes
The daily charts a new high for the up trend. The market is nearing an overhead resistance zone I still see the uptrend still intact. However, I want to see is the RSI, set to 14-bars, close over 62 to confirm 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 was trading with good upside momentum because the RSI was peaking well above 62. Just now, the RSI formed a peak below 62, signaling a trading range with a bullish bias.
The T-note TradeFlow Chart, has the two studies set to five-bar running sums, and the ChartTrader attached. At time this image was captured, traders are tending to lift offers. We can see this because the buy volume line (green) is edging above the sell volume line of the TFVCrss study.
The TradeFlow short-term view can quickly change.