ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-May-22 07:08 CT

Price Action

• Last: 111'12.5,
• 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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt Low 109.46875,
• 4. Pvt. Next: Pvt Low 109.46875,
• 5. Levels R: 145.81250, 133.31250, 132.37500, 128.58250, 127.87500,
• 6. Levels S: 109.50000, 108.53125, 108.00000.

Daily Benchmarks

• (Short-Term) 5 Day: 110.50000 Up Trend,
• (Short-Term) 10 Day: 111.59375 Down Trend,
• (Intermediate-Term) 20 Day: 112.37500 Down Trend,
• (Intermediate-Term) 55 Day: 113.34375 Down Trend,
• (Long-Term) 100 Day: 114.50000 Down Trend,
• (Long-Term) 200 Day: 115.12500 Down Trend.

Additional Metrics

• ATR: 35,
• VOLMA: 450837.

Overall Rating

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

Key Insights Summary

Price action shows a strong downside impulse from the March peak into May, followed by a sharp selloff to the 109.50 area and a firm rebound into the last print near 111'12.5. The short-term pivot structure has flipped to UTrend, but the broader HiLo trend remains DTrend and the benchmark stack is still below the 20, 55, 100, and 200 day averages, which keeps the dominant daily structure bearish. The recent bounce reads like a recovery off a lower support band rather than a full trend reversal, with the market still working through prior breakdown levels and a heavy overhead moving-average ceiling. The session fib grids are neutral on the higher-timeframe summaries, while the chart pattern overall reflects a volatile corrective phase with lower highs, lower lows, and a sharp counter-trend rebound from exhaustion lows.