Treasury Bonds

This market, as with the S&P, has had an upward bias during the past 10 years; therefore, the symmetry of the patterns may be affected. For bonds it is interesting to view the small gap open, for example .125 equal to 4/32. There is an 86% chance that prices win cross the prior close during trading, but a much smaller chance (38%) that prices win close lower. The 52% chance that prices will close above the open creates an opportunity for buying, provided risk can be controlled.