ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-May-19 07:08 CT

Price Action

• Last: 109.34,
• Bars: Large,
• Mom: fast.

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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt Low 110.15625,
• 4. Pvt. Next: Pvt High 111.96875,
• 5. Levels R: 145.81250, 133.81250, 132.37500, 128.58250, 127.87500,
• 6. Levels S: 110.15625, 108.53125, 106.00000.

Daily Benchmarks

• (Short-Term) 5 Day: 111.5825 Down Trend,
• (Short-Term) 10 Day: 112.375 Down Trend,
• (Intermediate-Term) 20 Day: 112.90625 Down Trend,
• (Intermediate-Term) 55 Day: 113.65625 Down Trend,
• (Long-Term) 100 Day: 114.65625 Down Trend,
• (Long-Term) 200 Day: 115.1875 Down Trend.

Additional Metrics

• ATR: 6.98875,
• VOLMA: 450837.

Overall Rating

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

Key Insights Summary

The daily structure remains in a clear downside swing with a strong fast-momentum selloff into the 109 handle, confirming the active downtrend across the pivot framework and all benchmark moving averages. Price is pressing well below the 5, 10, 20, 55, 100, and 200 day averages, which are all aligned lower and stacked overhead, reinforcing a persistent bearish trend profile. The recent action shows a sharp continuation move after repeated lower highs and failed rebounds, with the latest leg extending beneath the May NTZ area and cutting through prior support zones. Volatility is elevated at the daily ATR level, and the chart is still in a trend-break / continuation phase rather than a stable consolidation, with bearish momentum dominant across short-, intermediate-, and long-term views.