10 YR Treasury Bond Futures: Algo Oscillator Cycle Charts

As markets prepare for CPI data on May 10th, volatility has picked up over the last four trading days since the May FOMC meeting.

The Short Cycle Oscillators clearly depict the recent volatility, as shown in Oscillator Cycle #2 below.

However, the Long Cycle Oscillators show multiple layers of support below, as shown in Oscillator Cycle #5 (below).

While these longer Algorithmic cycles imply firm support, they are certainly not impenetrable. They have been testes most recently on April 18th and May 1st.

Should a third test occur, the ensuing Directional Bias may have larger implications.