The market opened a bit higher yesterday (A), but then spent most of the day in a sideways pattern (B). The real story was the end of the day sell off (C) on high volume (D). Also note that momentum was dropping for most of the day (E).
The Treasury market opened lower in a slight, downward sloping pennant pattern (A), but then rose sharply (C), followed by a consolidation of gains (C). Again, note that momentum peaked about halfway through the session and then moved lower (D).
