Morning Notes – Wednesday October 26, 2016

Directional Bias For The Day: The futures are down Down trend since 5:00 AM on October 25 high of 2149.75 At the lower limit of an ascending triangle on 2-hour time-frame and a horizontal channel on 30-minute time-frame Odds are for a down day Markets Around The World Markets in the East were mostly down – Tokyo was an exception European markets are down Dollar index, USD/JPY, EUR/USD are down; GBP/USD is…