The Ten-Year T-Notes are Testing Support

Daily Chart of T-Notes Traded on ECBOT

The current price action is retesting the support zone on the daily chart. The daily RSI readings are still indicating a trading range with a bullish bias.

Constant Volume  Chart of T-Notes Traded on ECBOT

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 below 38, indicating bearish momentum. I expect the support zone to be tested.

TradeFlow Chart of T-Notes Traded on ECBOT

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 sell volume line (red) are edging above the peaks of the buy volume line (green) of the TFVCrss study. That indicates sellers are dominating.

The TradeFlow short-term view can quickly change.

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Thom Hartle’s View of Trading and the Financial Markets