US Note: Gains test major retracement, trendless

The strength pushed prices to the 38% retracement of the Dec/Feb sell-off at 121-025. Conditions are mixed with Stochastics and RSI indicating an overbought market, while ADX continues to lack a trend reading. Meanwhile, weekly charts are still technically bearish, trending on ADX, but the signals are very weak now that prices have pushed above the 10-week moving average.