Ten-Year T-Notes Edging Lower
The market action is still negative based on the daily RSI readings forming a pivot high below 62. Down trending markets rarely flash RSI readings greater than 62.
The Aggregated TradeFlow chart is set to 3-ticks range (available in CQG 7.5) with my two custom studies plotted. So far, today, the market has formed a second, lower resistance zone. The current readings of the TFCross study show the sell volume line (red) is edging above the buy volume line (green), which indicates sellers are dominating.
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, the market is edging lower. The sell volume line (red) is peaking over the buy volume line (green) of the TFCross study, which is a sign sellers are hitting bids.
The TradeFlow short-term view can quickly change.