USO gap down in overnight- consolidation @ 5 day demand- Value Area Lower
SPY/IWM gap down in overnight- consolidation in 5 day range- negative skew developing- Value Area Lower
10Yr Bond consolidation in opening range- midday range liquidation- closing range consolidation (a double distribution)- Value Area Lower
*Important to keep in mind that earnings season is approaching- the buy the rumour and sell the fact maxim must be considered in context of the recent rally- ie rally into earnings season to sell off supply on releases*
