A Look at the Ten Year Weekly Chart: A Ho-hum Summer; What Next?

A Look at the Ten Year Weekly Chart: A Ho-hum Summer; What Next?

Take a look at price action in the Ten Year Futures contract on this weekly chart. As the contract rallies throughout May and into June observe how the Bollinger Bands tend to steadily converge. The bands have basically continued to converge to the present week. This indicates how volatility has waned throughout the summer. Yesterday’s chart of…