Morning Notes – Wednesday May 3, 2017

Directional Bias For The Day: Futures are lower Drifting lower since 2:00 PM on May 1; below a downtrend line Trading near the lower limit of a descending triangle on 30-min time frame Odds are for a down day within a range; watch for break above 2388.75 Key economic data: ADP Non-Farm Employment – 177K vs. 178K est. – at 8:30…