Ten-Year T-Notes Rolling Over
Since my last postings, the market traded up and above the resistance zone. However, the market has now reversed and the daily RSI readings have formed a pivot high below 62, which is a sign of a down trending market.
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 formed a resistance zone and is now trading above the support zone. The current readings of the TFCross study show the sell volume line (red) is climbing over the buy volume line (green), which indicates the support zone is likely to be tested.
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 flashing readings over the buy volume line (green) of the TFCross study, which is a sign traders are attempting to take the market lower.
The TradeFlow short-term view can quickly change.