The UB Ultra U.S. Treasury Bond Futures daily chart currently reflects a strong short- and intermediate-term recovery, with price action showing a medium-sized bar structure and average momentum. Both the weekly and monthly session fib grids (WSFG and MSFG) indicate price is above their respective NTZ centers, supporting an upward trend bias in the short and intermediate timeframes. Swing pivots confirm this with both short-term and intermediate-term trends in an uptrend, and the most recent pivot low at 114.63279 acting as a key support. Resistance levels are stacked above, with the nearest significant resistance at 117.68750 and major resistance at 122.53125. Benchmark moving averages show short-term and intermediate-term MAs trending up, while long-term MAs remain in a downtrend, highlighting a divergence between recent bullish momentum and the broader bearish backdrop. The ATR and VOLMA suggest moderate volatility and healthy participation. Recent trade signals have flipped from short to long, reflecting the recent bounce and possible trend reversal attempt. Overall, the market is in a bullish phase for swing traders in the short and intermediate term, with the long-term trend still bearish. The current setup suggests a recovery phase after a significant sell-off, with price testing higher resistance levels and forming higher lows. The market is transitioning from a corrective phase to a potential trend continuation, but long-term resistance remains a headwind.