As suggested in my previous post, once prices closed above the Exponential Moving Average in the 15 minute chart (left), prices were likely to move higher. The bears had exhausted themselves, unsuccessful in forcing prices any lower, and once prices close above that level (the EMA), technical traders were emboldened to push treasuries higher.
I am also keeping in mind, however, that on the longer-term, daily charts, the trend in treasuries is still down. For some reason, Blogger is not permitting me to post this daily chart, even after more than a dozen attempts. There are signs of buying in the treasuries, however, as the Klinger Volume indicator has turned up. This suggest conflicting signals between higher interest rates and a strengthening Dollar -- turmoil in the markets.
I am also keeping in mind, however, that on the longer-term, daily charts, the trend in treasuries is still down. For some reason, Blogger is not permitting me to post this daily chart, even after more than a dozen attempts. There are signs of buying in the treasuries, however, as the Klinger Volume indicator has turned up. This suggest conflicting signals between higher interest rates and a strengthening Dollar -- turmoil in the markets.