Dollar gap above supply @26.20 and pullback to gap holds as demand- potential test of overhead supply @ 27.15- Value Area slightly Higher
USO gap lower holds w/ consolidation- potential gap fill and sell response- Value Area Sideways
SPY/IWM continues slow liquidation lower with extremely weak close at lows- Value Area Lower
10yr Bond continues consolidation at/near longer term demand (120) w/neutral volume skew- Value Area Sideways
TF
383 Supply/415 Overhead Supply
373 Over/Under
350 Demand (Long Term)
Options show put bias
USO
27.70 Supply/30 Overhead Supply
24.30 Over/Under
22.70 Demand
Options show call bias
