Ten-Year T-Notes Advance Further
The market is up again today, and is nearing the resistance zone formed back on February 22. The daily RSI readings have closed below 38 and that indicates a downtrend. The trend is down.
The Aggregated TradeFlow chart is set to 3-ticks range (available in CQG 7.5) with my two custom studies plotted. Currently, the market is trending higher. The current readings show the buy volume line (green) running just over the sell volume line (red) of the TFVCrss study, which indicated traders are lifting more offers than hitting bids.
The T-note TradeFlow Chart has the two studies set to five-bar running sums, and the ChartTrader attached. I have the CQG Order Ticker below the chart.
At the time this image was captured, market is moving sideways. The current view is the sell volume line (red) is following the buy volume line (green) of the TFVCrss study, which is a sign of a two-way market.
The TradeFlow short-term view can quickly change.
