The Ten-Year T-Notes Continue to Consolidate
The price action is still a sideways trend following the flight-to-quality. The market is being checked by the by overhead resistance zone, and is holding above a support zone. The RSI readings are over 62, and that is a bullish sign. Up trends are persistently overbought markets.
The Constant Volume Chart (set to 25,000 contracts) with the CQG SnapTrader and the RSI set to 14-bars shows the market is trading between a support and a resistance zone. Notice how the dips into the support zones brought in buyers. The RSI has been closing above 62, and that sets the trend to up on this intraday view.
The T-note TradeFlow Chart, has the two studies set to five-bar running sums, and the ChartTrader attached. At time this image was taken, the buy volume line (green) was running above the sell volume line (red) of the TFVCrss study, indicating buyers are lifting offers.
The TradeFlow short-term view can quickly change.