A.) Prices have broken through the downward sloping trend line.
B.) Prices have gapped higher, indicating upward momentum.
It's important to remember that on the flip side of the Treasury trade is an interest rate. The 10-year is currently at 3.68%. To some investors that is an attractive yield in the current environment, so they will step into the market to buy.
A.) The MACD has given a buy signal.
B.) However, we have not seen a huge rush of buyers back into the market.
