The Ten-Year T-Notes are Holding Above Support
Today, the market is waiting and watching for comments by Federal Reserve Board Chairman Bernanke who is testifying before the Joint Economic Committee. The current price action is holding above the support zone on the daily chart. The daily RSI readings are still indicating a trading range with a bullish bias.
The Constant Volume Chart is set to 25,000 contracts with the CQG SnapTrader and the RSI set to 14-bars. The current extreme readings by the RSI are peaks above 62, indicating bullish momentum.
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, the peaks of the buy volume line are above the peaks of the sell volume line (red) of the TFVCrss study. That indicates buyers are lifting offers.
The TradeFlow short-term view can quickly change.