ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-May-08 07:08 CT

Price Action

• Last: 115.20391,
• Bars: Large,
• Mom: average.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month May

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 114.12500,
• 4. Pvt. Next: Pvt Low 112.37500,
• 5. Levels R: 145.81250, 133.81250, 132.37500, 128.56250, 127.87500,
• 6. Levels S: 112.00000, 111.71875, 110.18750, 108.53125, 106.00000.

Daily Benchmarks

• (Short-Term) 5 Day: 112.93750 Up Trend,
• (Short-Term) 10 Day: 113.15625 Down Trend,
• (Intermediate-Term) 20 Day: 113.68750 Down Trend,
• (Intermediate-Term) 55 Day: 114.15625 Down Trend,
• (Long-Term) 100 Day: 114.84375 Down Trend,
• (Long-Term) 200 Day: 115.21875 Down Trend.

Additional Metrics

• ATR: 35,
• VOLMA: 450837.

Overall Rating

• Short-Term: Neutral,
• Intermediate-Term: Bearish,
• Long-Term: Bearish.

Key Insights Summary

The daily structure is still dominated by the larger downtrend that started from the March peak, but the market has stabilized into a rebound phase off the April/May lows. Price is now pressing back into the 115 area, which aligns closely with the 200-day benchmark and the nearby resistance shelf, so the tape is in a transition zone rather than a clean trend extension. Short-term pivots have turned up, reflecting a recovery swing, while the intermediate HiLo structure remains bearish, showing the broader sequence still favors lower highs and lower pivot pressure. The moving-average stack is mostly bearish, with price under the 20, 55, 100, and 200-day references, while only the 5-day average has flipped positive. Volatility remains active, and volume is elevated enough to confirm participation, but the overall pattern still looks like a recovery from a selloff rather than a completed trend reversal.