ES Tuesday 10-14-2014

The past 4 trading days all had three things in common:
(1) all 4 days had a range of 2% or more
(2) all 4 days had high volume
(3) all 4 days had multiple distributions

What does this all mean?

I have no idea...

O/N inventory is long.

With O/N value lower, I'm short biased.
With banks closed yesterday, I was wondering where all that volume came from...

Anyway, I'm done for today.

Have a good day, everyone.